Verition Fund Management LLC Buys 110,420 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Verition Fund Management LLC raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 123.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 199,558 shares of the financial services provider’s stock after acquiring an additional 110,420 shares during the period. Verition Fund Management LLC owned approximately 0.07% of Fidelity National Financial worth $10,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of Fidelity National Financial by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 196 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Fidelity National Financial by 7.6% in the 4th quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 212 shares during the period. Hunter Associates Investment Management LLC lifted its stake in shares of Fidelity National Financial by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock worth $3,940,000 after purchasing an additional 255 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Fidelity National Financial by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 271 shares during the period. Finally, Gilbert & Cook Inc. lifted its stake in shares of Fidelity National Financial by 5.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 293 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.6 %

Shares of FNF opened at $48.95 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a 1 year low of $33.61 and a 1 year high of $53.96. The company has a 50 day simple moving average of $50.64 and a two-hundred day simple moving average of $50.03. The firm has a market cap of $13.38 billion, a P/E ratio of 16.10 and a beta of 1.35.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FNF. Stephens increased their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Truist Financial increased their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays increased their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.80.

View Our Latest Stock Report on Fidelity National Financial

Insider Activity at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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.

See Also

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

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