Kaizen Financial Strategies Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Kaizen Financial Strategies bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,114 shares of the financial services provider’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baystate Wealth Management LLC boosted its stake in shares of Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 583 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its stake in Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after buying an additional 381 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Fidelity National Financial by 425.5% in the second quarter. Huntington National Bank now owns 1,072 shares of the financial services provider’s stock worth $39,000 after buying an additional 868 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Fidelity National Financial in the third quarter worth approximately $40,000. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNF. Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating on the stock. Barclays lowered their price target on Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Truist Financial lifted their target price on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $53.40.

Fidelity National Financial Stock Up 2.0 %

FNF traded up $1.01 during trading on Wednesday, reaching $51.96. 994,138 shares of the stock traded hands, compared to its average volume of 1,611,852. The stock’s 50-day simple moving average is $50.57 and its two-hundred day simple moving average is $46.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $52.94. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 26.68 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is 100.52%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,265 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now directly owns 17,906 shares in the company, valued at $883,482.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Halim Dhanidina sold 3,265 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now directly owns 17,906 shares in the company, valued at approximately $883,482.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total value of $295,452.89. Following the transaction, the director now owns 271,495 shares in the company, valued at approximately $13,083,344.05. The disclosure for this sale can be found here. Insiders have sold a total of 32,806 shares of company stock worth $1,653,033 in the last 90 days. 5.40% of the stock is owned by insiders.

Fidelity National Financial 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.