Capital Asset Advisory Services LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,700 shares of the financial services provider’s stock, valued at approximately $106,000.
Other large investors have also bought and sold shares of the company. Eudaimonia Partners LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth about $33,000. AdvisorNet Financial Inc grew its position in Fidelity National Financial by 112.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,011 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 536 shares in the last quarter. Dimension Capital Management LLC bought a new stake in Fidelity National Financial in the 3rd quarter worth about $43,000. Safeguard Investment Advisory Group LLC bought a new stake in Fidelity National Financial in the 4th quarter worth about $102,000. Finally, Signaturefd LLC grew its position in Fidelity National Financial by 68.4% in the 4th quarter. Signaturefd LLC now owns 3,219 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,308 shares in the last quarter. 76.37% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, March 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial has a consensus rating of “Buy” and an average target price of $39.80.
FNF opened at $43.11 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.37. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 12.68 and a beta of 1.32. Fidelity National Financial, Inc. has a twelve month low of $23.58 and a twelve month high of $43.16. The company’s 50-day moving average price is $40.12 and its two-hundred day moving average price is $37.09.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, February 24th. The financial services provider reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.69. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Fidelity National Financial had a net margin of 10.31% and a return on equity of 20.07%. During the same period in the previous year, the company earned $0.95 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Tuesday, March 16th. Fidelity National Financial’s payout ratio is 42.48%.
In related news, President Michael Joseph Nolan sold 76,014 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $40.89, for a total transaction of $3,108,212.46. Following the sale, the president now directly owns 346,525 shares in the company, valued at approximately $14,169,407.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Raymond R. Quirk sold 116,320 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $39.36, for a total transaction of $4,578,355.20. 5.80% of the stock is owned by insiders.
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 insurance.
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