Lecap Asset Management Ltd. Sells 10,262 Shares of Fidelity National Financial, Inc. $FNF
by Scott Moore · The Cerbat GemLecap Asset Management Ltd. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,044 shares of the financial services provider’s stock after selling 10,262 shares during the period. Lecap Asset Management Ltd.’s holdings in Fidelity National Financial were worth $850,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Fidelity National Financial during the 2nd quarter worth $189,685,000. First Trust Advisors LP lifted its position in shares of Fidelity National Financial by 252.4% during the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock valued at $189,458,000 after purchasing an additional 2,420,421 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Fidelity National Financial by 368.3% during the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after purchasing an additional 1,392,560 shares during the last quarter. AQR Capital Management LLC grew its position in Fidelity National Financial by 44.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock worth $161,629,000 after purchasing an additional 891,088 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after purchasing an additional 580,133 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Fidelity National Financial
In other news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the transaction, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
FNF has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday. National Bankshares set a $63.00 price objective on Fidelity National Financial in a research report on Tuesday. Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.
Read Our Latest Stock Analysis on FNF
Fidelity National Financial Stock Performance
Shares of FNF opened at $54.95 on Friday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s fifty day moving average price is $56.85 and its two-hundred day moving average price is $57.37. The firm has a market cap of $15.45 billion, a PE ratio of 13.25 and a beta of 1.00.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.
Fidelity National Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is currently 50.12%.
About Fidelity National Financial
Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.
FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.
See Also
- Five stocks we like better than Fidelity National Financial
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Do not delete, read immediately
- This stock gets a 94 out of 100
- First Time Since 2007: All Warnings Active
- Executive Order 14330: Trump’s Biggest Yet