Versant Capital Management Inc Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

Versant Capital Management Inc grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 17.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,729 shares of the financial services provider’s stock after purchasing an additional 252 shares during the period. Versant Capital Management Inc’s holdings in Fidelity National Financial were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidal Investments LLC lifted its position in Fidelity National Financial by 38.9% during the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,892 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Fidelity National Financial in the third quarter valued at $672,000. Sanctuary Advisors LLC increased its stake in Fidelity National Financial by 136.9% in the third quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider’s stock valued at $9,752,000 after acquiring an additional 90,968 shares during the last quarter. Virtue Capital Management LLC raised its position in Fidelity National Financial by 1.9% during the third quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 296 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Fidelity National Financial by 867.7% during the third quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,154 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FNF. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a research report on Friday. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barclays lifted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.60.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $56.82 on Friday. The firm has a market cap of $15.55 billion, a PE ratio of 20.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business has a 50 day moving average price of $59.77 and a 200-day moving average price of $57.54. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue was up 29.7% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

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.