Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,485 shares of the financial services provider’s stock after selling 2,395 shares during the period. Versor Investments LP’s holdings in Fidelity National Financial were worth $1,150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. Allspring Global Investments Holdings LLC boosted its stake in Fidelity National Financial by 257.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 14,042 shares during the period. PFG Investments LLC acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $202,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity National Financial by 18.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,746 shares of the financial services provider’s stock worth $1,536,000 after acquiring an additional 3,866 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Fidelity National Financial by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 73,492 shares of the financial services provider’s stock worth $4,469,000 after acquiring an additional 8,623 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $328,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Up 2.0 %

FNF stock opened at $62.77 on Friday. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83. The company’s 50 day simple moving average is $57.58 and its 200-day simple moving average is $59.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $17.18 billion, a P/E ratio of 13.50 and a beta of 1.39.

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

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given 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 3.19%. Fidelity National Financial’s payout ratio is 43.01%.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of research analyst reports. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.40.

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.