Natixis Advisors LLC Buys 30,875 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Natixis Advisors LLC increased its stake in Fidelity National Financial by 9.5%, buying 30,875 shares to hold 356,859 shares worth about $21.59 million, while institutional investors collectively own roughly 81.17% of the company.
• Director Halim Dhanidina sold 6,000 shares at $55.90 on Jan. 5, reducing his position by 31.27%; insiders now own 5.50% of the stock.
• FNF missed quarterly EPS ($1.41 vs. $1.51) but beat revenue estimates ($4.05B vs. $3.66B) and declared a $0.52 quarterly dividend (annualized $2.08) for a yield of 4.4% with a payout ratio of 97.65%.

Natixis Advisors LLC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 9.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356,859 shares of the financial services provider's stock after buying an additional 30,875 shares during the period. Natixis Advisors LLC owned approximately 0.13% of Fidelity National Financial worth $21,586,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its holdings in Fidelity National Financial by 99.7% in the 3rd quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider's stock worth $3,468,000 after purchasing an additional 28,626 shares during the last quarter. Islay Capital Management LLC boosted its position in Fidelity National Financial by 204.7% during the third quarter. Islay Capital Management LLC now owns 27,010 shares of the financial services provider's stock worth $1,634,000 after purchasing an additional 18,145 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fidelity National Financial by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider's stock valued at $203,481,000 after purchasing an additional 56,170 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Fidelity National Financial by 39.1% during the third quarter. Cresset Asset Management LLC now owns 11,840 shares of the financial services provider's stock valued at $716,000 after purchasing an additional 3,326 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of Fidelity National Financial in the third quarter valued at approximately $952,000. Institutional investors own 81.17% of the company's stock.

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of the business's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FNF. Weiss Ratings cut shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Monday, January 26th. National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research report on Monday, February 23rd. Barclays decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Tuesday, January 6th. Finally, Stephens initiated coverage on Fidelity National Financial in a research report on Friday, November 14th. They issued an "overweight" rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.33.

Fidelity National Financial Stock Down 2.5%

Shares of FNF stock opened at $47.17 on Thursday. Fidelity National Financial, Inc. has a 12 month low of $47.16 and a 12 month high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $12.79 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99. The stock has a 50 day moving average of $53.76 and a 200-day moving average of $56.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. On average, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 97.65%.

Fidelity National Financial Profile

Fidelity National Financial NYSE: FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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