Brighton Jones LLC Grows Stock Holdings in Fidelity National Financial, Inc. $FNF

Brighton Jones LLC raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 92.0% in the 3rd quarter, Holdings Channel reports. The fund owned 19,103 shares of the financial services provider’s stock after acquiring an additional 9,154 shares during the quarter. Brighton Jones LLC’s holdings in Fidelity National Financial were worth $1,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Fidelity National Financial in the second quarter valued at approximately $189,685,000. First Trust Advisors LP increased its stake in Fidelity National Financial by 252.4% in the 2nd quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock valued at $189,458,000 after buying an additional 2,420,421 shares during the period. Millennium Management LLC increased its stake in Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after buying an additional 1,817,124 shares during the period. Alliancebernstein L.P. raised its position in Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after buying an additional 1,392,560 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Fidelity National Financial by 44.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock worth $161,629,000 after acquiring an additional 891,088 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stephens began coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Monday, December 15th. National Bankshares set a $72.00 target price on Fidelity National Financial in a research note on Thursday, December 18th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Trading Up 0.5%

Shares of FNF stock opened at $54.98 on Thursday. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 13.26 and a beta of 1.01. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $57.03 and a 200 day moving average price of $57.37. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

About Fidelity National Financial

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.