Lecap Asset Management Ltd. Sells 2,329 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Lecap Asset Management Ltd. reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,363 shares of the financial services provider’s stock after selling 2,329 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Fidelity National Financial were worth $1,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $30,000. Mather Group LLC. purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $31,000. Covestor Ltd raised its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after buying an additional 425 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The shares were 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 $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price 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. StockNews.com lowered 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 issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Trading Down 1.3 %

Shares of Fidelity National Financial stock opened at $59.97 on Thursday. The company has a market capitalization of $16.39 billion, a P/E ratio of 19.73 and a beta of 1.36. 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 company has a fifty day moving average of $59.81 and a 200 day moving average of $54.15. Fidelity National Financial, Inc. has a fifty-two week low of $37.21 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

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.