Burney Co. Acquires 2,445 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Burney Co. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 17.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,603 shares of the financial services provider’s stock after purchasing an additional 2,445 shares during the period. Burney Co.’s holdings in Fidelity National Financial were worth $686,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC grew its holdings in shares of Fidelity National Financial by 5,300.0% in the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 583 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $40,000. Authentikos Wealth Advisory LLC bought a new stake in Fidelity National Financial during the third quarter valued at approximately $41,000. Finally, Huntington National Bank raised its position in Fidelity National Financial by 425.5% during the second quarter. Huntington National Bank now owns 1,072 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 868 shares in the last quarter. 77.16% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,131 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total value of $295,452.89. Following the sale, the director now directly owns 271,495 shares in the company, valued at $13,083,344.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Fidelity National Financial news, Director Daniel D. Lane sold 6,131 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total transaction of $295,452.89. Following the sale, the director now directly owns 271,495 shares in the company, valued at $13,083,344.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 3,265 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now directly owns 17,906 shares in the company, valued at approximately $883,482.04. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Fidelity National Financial from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $46.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. Stephens reaffirmed an “overweight” rating and issued a $51.00 target price on shares of Fidelity National Financial in a research report on Tuesday, November 14th. Barclays started coverage on shares of Fidelity National Financial in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $44.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.33.

Read Our Latest Analysis on FNF

Fidelity National Financial Stock Performance

Shares of FNF opened at $51.23 on Friday. The business has a fifty day moving average of $49.23 and a 200 day moving average of $43.99. Fidelity National Financial, Inc. has a one year low of $31.84 and a one year high of $51.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $13.94 billion, a P/E ratio of 21.26 and a beta of 1.34.

Fidelity National Financial (NYSE:FNFGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Financial had a return on equity of 15.99% and a net margin of 6.01%. Fidelity National Financial’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 3.72 EPS for the current year.

Fidelity National Financial Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.