Magnetar Financial LLC Sells 36,498 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Magnetar Financial LLC reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 80.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,605 shares of the financial services provider’s stock after selling 36,498 shares during the quarter. Magnetar Financial LLC’s holdings in Fidelity National Financial were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial during the 4th quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter worth about $30,000. Covestor Ltd grew its position in shares of Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the period. Finally, Salomon & Ludwin LLC grew its position in shares of Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after buying an additional 425 shares during the period. 81.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FNF shares. Keefe, Bruyette & Woods boosted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial boosted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

Shares of FNF opened at $60.76 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a 50 day simple moving average of $57.11 and a 200 day simple moving average of $52.77. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $62.00. The firm has a market capitalization of $16.60 billion, a PE ratio of 19.99 and a beta of 1.36.

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

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

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.