HB Wealth Management LLC acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,227 shares of the financial services provider's stock, valued at approximately $415,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. IronBridge Private Wealth LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $26,000. Bank of New Hampshire bought a new stake in Fidelity National Financial in the 1st quarter valued at $29,000. Brown Brothers Harriman & Co. bought a new stake in Fidelity National Financial in the 1st quarter valued at $54,000. Worth Asset Management LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at $56,000. Finally, Clearstead Advisors LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $57,000. 78.12% of the stock is currently owned by institutional investors.
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In related news, Director Peter O. Shea, Jr. sold 13,389 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total transaction of $546,672.87. Following the completion of the sale, the director now owns 200,642 shares in the company, valued at approximately $8,192,212.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Peter T. Sadowski sold 22,500 shares of Fidelity National Financial stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $40.85, for a total transaction of $919,125.00. Following the completion of the sale, the executive vice president now owns 105,898 shares in the company, valued at approximately $4,325,933.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter O. Shea, Jr. sold 13,389 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total transaction of $546,672.87. Following the sale, the director now owns 200,642 shares of the company's stock, valued at approximately $8,192,212.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,552 shares of company stock valued at $2,012,455. Company insiders own 5.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on FNF. Stephens reduced their price target on shares of Fidelity National Financial from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday. Barclays lifted their price target on shares of Fidelity National Financial from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.50.Fidelity National Financial Price Performance
FNF stock opened at $34.95 on Tuesday. Fidelity National Financial, Inc. has a 12 month low of $34.59 and a 12 month high of $56.44. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $39.46 and a 200 day moving average price of $40.86. The stock has a market cap of $9.66 billion, a PE ratio of 4.85 and a beta of 1.37.
Fidelity National Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.04%. Fidelity National Financial's dividend payout ratio is presently 24.41%.
Fidelity National Financial Profile
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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 insurance.
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