Lecap Asset Management Ltd. Grows Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Lecap Asset Management Ltd. raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 12.9% in the 4th quarter, Holdings Channel reports. The fund owned 24,129 shares of the financial services provider’s stock after acquiring an additional 2,766 shares during the period. Lecap Asset Management Ltd.’s holdings in Fidelity National Financial were worth $1,355,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the third quarter valued at $32,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial in the third quarter valued at $35,000. True Wealth Design LLC acquired a new position in shares of Fidelity National Financial during the 3rd quarter valued at about $41,000. UMB Bank n.a. increased its position in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

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

Analysts Set New Price Targets

A number of research analysts have weighed in on FNF shares. Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $58.04 on Friday. The company’s fifty day moving average price is $58.05 and its two-hundred day moving average price is $58.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $15.88 billion, a P/E ratio of 21.11 and a beta of 1.39. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial 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.