Pallas Capital Advisors LLC Purchases 430 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Pallas Capital Advisors LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,836 shares of the financial services provider’s stock after purchasing an additional 430 shares during the period. Pallas Capital Advisors LLC’s holdings in Fidelity National Financial were worth $328,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth $310,000. Dimensional Fund Advisors LP grew its position in Fidelity National Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares during the last quarter. Quantbot Technologies LP raised its stake in Fidelity National Financial by 380.1% during the second quarter. Quantbot Technologies LP now owns 56,072 shares of the financial services provider’s stock worth $2,771,000 after acquiring an additional 44,392 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Fidelity National Financial in the second quarter worth about $1,305,000. Finally, Virtu Financial LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $1,223,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FNF shares. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Up 1.6 %

Shares of NYSE FNF opened at $56.52 on Thursday. The stock has a market cap of $15.47 billion, a P/E ratio of 20.55 and a beta of 1.38. The firm has a 50 day moving average price of $59.16 and a two-hundred day moving average price of $57.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s payout ratio is currently 72.73%.

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.