DekaBank Deutsche Girozentrale Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

DekaBank Deutsche Girozentrale lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,492 shares of the financial services provider’s stock after purchasing an additional 8,623 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Financial were worth $4,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial during the 1st quarter valued at about $30,000. Covestor Ltd boosted its stake in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Fidelity National Financial by 231.0% in the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial during the second quarter valued at approximately $35,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Trading Down 1.3 %

Fidelity National Financial stock opened at $60.19 on Friday. Fidelity National Financial, Inc. has a one year low of $38.77 and a one year high of $62.97. The business’s fifty day moving average is $60.21 and its 200 day moving average is $54.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $16.46 billion, a PE ratio of 19.80 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on FNF shares. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays raised their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average target price of $62.40.

About Fidelity National Financial

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.