Louisiana State Employees Retirement System Buys New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Louisiana State Employees Retirement System bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, HoldingsChannel reports. The firm bought 72,600 shares of the financial services provider’s stock, valued at approximately $3,704,000.

Several other large investors have also recently added to or reduced their stakes in FNF. Baystate Wealth Management LLC increased its position in shares of Fidelity National Financial by 5,300.0% during the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 583 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Fidelity National Financial during the second quarter worth $26,000. VisionPoint Advisory Group LLC increased its holdings in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after buying an additional 381 shares during the period. DHJJ Financial Advisors Ltd. acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $40,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FNF shares. Barclays upped their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Finally, Truist Financial upped their price target on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.20.

Fidelity National Financial Trading Up 0.2 %

FNF stock opened at $48.61 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 25.45 and a beta of 1.34. The business has a fifty day moving average price of $51.11 and a 200 day moving average price of $47.28. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the company earned $1.06 EPS. Analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is 100.52%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Daniel D. Lane sold 6,131 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the completion of the sale, the director now directly owns 271,495 shares of the company’s stock, valued at $13,083,344.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Fidelity National Financial Profile

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.