Jones Financial Companies Lllp Grows Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Jones Financial Companies Lllp raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 101.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,441 shares of the financial services provider’s stock after buying an additional 724 shares during the period. Jones Financial Companies Lllp’s holdings in Fidelity National Financial were worth $81,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. increased its holdings in shares of Fidelity National Financial by 107.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,558 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,839 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 223 shares in the last quarter. US Bancorp DE increased its holdings in shares of Fidelity National Financial by 210.9% during the fourth quarter. US Bancorp DE now owns 64,406 shares of the financial services provider’s stock valued at $3,616,000 after acquiring an additional 43,688 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. Finally, Prosperitas Financial LLC increased its holdings in shares of Fidelity National Financial by 5.4% during the fourth quarter. Prosperitas Financial LLC now owns 4,997 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 256 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $64.83 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The stock has a 50 day moving average of $59.07 and a two-hundred day moving average of $59.69. The stock has a market cap of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial’s payout ratio is 43.01%.

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.