Princeton Global Asset Management LLC lifted its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 15.7% during the third quarter, Holdings Channel.com reports. The firm owned 12,048 shares of the financial services provider’s stock after buying an additional 1,631 shares during the period. Princeton Global Asset Management LLC’s holdings in Fidelity National Financial were worth $531,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Fidelity National Financial by 1,534.8% during the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 706 shares during the last quarter. Griffin Asset Management Inc. bought a new stake in Fidelity National Financial during the 2nd quarter worth about $36,000. First Financial Corp IN acquired a new position in Fidelity National Financial during the 3rd quarter valued at about $36,000. Cutler Group LP lifted its position in Fidelity National Financial by 1,000.0% during the 2nd quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,000 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Fidelity National Financial during the 2nd quarter valued at about $50,000. 81.68% of the stock is currently owned by hedge funds and other institutional investors.
NYSE FNF opened at $46.70 on Wednesday. Fidelity National Financial Inc has a 12 month low of $29.50 and a 12 month high of $48.40. The stock has a 50-day simple moving average of $46.60 and a 200 day simple moving average of $43.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $13.10 billion, a PE ratio of 17.30 and a beta of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, December 16th. This represents a $1.32 dividend on an annualized basis and a yield of 2.83%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.31. Fidelity National Financial’s payout ratio is currently 45.93%.
Several brokerages have recently commented on FNF. ValuEngine downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $49.00 to $48.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.54.
In other news, EVP Brent B. Bickett sold 51,709 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $44.62, for a total value of $2,307,255.58. Following the completion of the transaction, the executive vice president now owns 589,799 shares of the company’s stock, valued at approximately $26,316,831.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Raymond R. Quirk sold 120,578 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $43.14, for a total transaction of $5,201,734.92. Following the completion of the transaction, the chief executive officer now directly owns 441,865 shares of the company’s stock, valued at approximately $19,062,056.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 648,213 shares of company stock valued at $28,390,825. Corporate insiders own 6.20% of the company’s stock.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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