Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 132.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,225 shares of the financial services provider’s stock after purchasing an additional 3,546 shares during the period. GAMMA Investing LLC’s holdings in Fidelity National Financial were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $26,000. V Square Quantitative Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $27,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial during the 1st quarter worth about $30,000. Mather Group LLC. purchased a new stake in Fidelity National Financial during the 1st quarter valued at about $31,000. Finally, Covestor Ltd raised its stake in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.40.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $59.97 on Thursday. The company has a market capitalization of $16.39 billion, a PE ratio of 19.73 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The company’s fifty day moving average price is $58.45 and its 200 day moving average price is $53.48. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $62.11.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is currently 63.16%.

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.