AXQ Capital LP Has $358,000 Stake in Fidelity National Financial, Inc. (NYSE:FNF)

AXQ Capital LP trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 46.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,372 shares of the financial services provider’s stock after selling 5,429 shares during the period. AXQ Capital LP’s holdings in Fidelity National Financial were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $897,000. Commerce Bank raised its position in shares of Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 200 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Fidelity National Financial by 5.7% during the third quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider’s stock worth $2,674,000 after acquiring an additional 2,341 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Fidelity National Financial by 32.6% during the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 216 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Fidelity National Financial by 2.0% during the third quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider’s stock worth $1,071,000 after acquiring an additional 341 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 1.0 %

Shares of Fidelity National Financial stock opened at $63.49 on Monday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.46 billion, a PE ratio of 13.65 and a beta of 1.32. The business has a fifty day simple moving average of $59.91 and a 200 day simple moving average of $59.87.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s payout ratio is 43.01%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Stephens lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $70.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.