Independent Advisor Alliance Purchases 11,747 Shares of Fidelity National Financial, Inc. $FNF

Independent Advisor Alliance boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 208.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,374 shares of the financial services provider’s stock after acquiring an additional 11,747 shares during the period. Independent Advisor Alliance’s holdings in Fidelity National Financial were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Fidelity National Financial in the 2nd quarter worth approximately $189,685,000. First Trust Advisors LP increased its holdings in 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 buying an additional 2,420,421 shares during the period. Alliancebernstein L.P. raised its stake in Fidelity National Financial by 368.3% in the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after buying an additional 1,392,560 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Fidelity National Financial by 44.7% during the second quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock worth $161,629,000 after buying an additional 891,088 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Fidelity National Financial by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after buying an additional 580,133 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 1.0%

Shares of NYSE:FNF opened at $54.56 on Wednesday. The business’s 50-day moving average is $55.57 and its 200 day moving average is $57.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The firm has a market capitalization of $15.34 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.70 and a beta of 0.98.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 yield of 3.8%. The ex-dividend date was Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.12%.

Insiders Place Their Bets

In other news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director directly owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FNF shares. National Bankshares set a $63.00 price target on Fidelity National Financial in a report on Tuesday, January 6th. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Barclays reduced their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Company Profile

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.