GAMMA Investing LLC Buys 1,233 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

GAMMA Investing LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,458 shares of the financial services provider’s stock after acquiring an additional 1,233 shares during the quarter. GAMMA Investing LLC’s holdings in Fidelity National Financial were worth $419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Fidelity National Financial during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial during the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at $41,000. UMB Bank n.a. raised its holdings in Fidelity National Financial by 280.6% in the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 505 shares during the period. Finally, Larson Financial Group LLC lifted its position in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Trading Up 1.5 %

Fidelity National Financial stock opened at $56.82 on Monday. The business has a 50 day moving average price of $59.77 and a two-hundred day moving average price of $57.60. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a research report on Friday. Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Barclays upped their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Fidelity National Financial Company 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.