Atlas Capital Advisors LLC Grows Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Atlas Capital Advisors LLC increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 791.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,266 shares of the financial services provider’s stock after acquiring an additional 1,124 shares during the period. Atlas Capital Advisors LLC’s holdings in Fidelity National Financial were worth $67,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. Kestra Advisory Services LLC purchased a new position in Fidelity National Financial in the third quarter worth about $358,000. FMR LLC boosted its position in shares of Fidelity National Financial by 5.0% during the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock valued at $21,221,000 after buying an additional 24,469 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Fidelity National Financial during the third quarter valued at approximately $364,000. LPL Financial LLC boosted its position in shares of Fidelity National Financial by 15.4% during the third quarter. LPL Financial LLC now owns 136,730 shares of the financial services provider’s stock valued at $5,647,000 after buying an additional 18,266 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Fidelity National Financial by 54,518.0% during the third quarter. Federated Hermes Inc. now owns 33,317 shares of the financial services provider’s stock valued at $1,376,000 after buying an additional 33,256 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. Stephens boosted their target price on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Barclays boosted their target price on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.80.

Fidelity National Financial Stock Down 0.4 %

Shares of NYSE FNF opened at $48.49 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 15.95 and a beta of 1.35. The stock has a 50 day moving average price of $50.31 and a 200 day moving average price of $50.31. Fidelity National Financial, Inc. has a 52-week low of $34.17 and a 52-week high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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.