10,501 Shares in Fidelity National Financial, Inc. $FNF Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,501 shares of the financial services provider’s stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNF. Norges Bank purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth about $189,685,000. First Trust Advisors LP increased its position in Fidelity National Financial by 252.4% during the 2nd quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after purchasing an additional 2,420,421 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Fidelity National Financial by 368.3% in the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock valued at $99,265,000 after buying an additional 1,392,560 shares during the period. AQR Capital Management LLC lifted its position in Fidelity National Financial by 44.7% during the second quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock valued at $161,629,000 after buying an additional 891,088 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after acquiring an additional 580,133 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director directly owned 13,186 shares in the company, valued at $737,097.40. This represents a 31.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Up 3.2%

Shares of NYSE FNF opened at $53.99 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $56.22 and its two-hundred day moving average price is $57.14. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a market capitalization of $15.18 billion, a P/E ratio of 13.02 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $1.30 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FNF shares. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Barclays reduced their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Stephens assumed coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Finally, National Bankshares set a $63.00 target price on Fidelity National Financial in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.