Fidelity National Financial, Inc. $FNF Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 20.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,259 shares of the financial services provider’s stock after selling 3,981 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Fidelity National Financial were worth $855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FNF. Blue Trust Inc. increased its position in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of Fidelity National Financial during the first quarter worth about $32,000. REAP Financial Group LLC raised its position in shares of Fidelity National Financial by 70.0% in the second quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after buying an additional 287 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $41,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $59.09 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $16.02 billion, a PE ratio of 15.00 and a beta of 1.05. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The business’s fifty day moving average price is $57.44 and its two-hundred day moving average price is $57.18.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion during the quarter. On average, research analysts expect 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 will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 48.37%.

Insider Activity

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Stephens assumed coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Thursday, November 13th. Finally, National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $70.00.

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.