Exchange Traded Concepts LLC Grows Stake in Fidelity National Financial, Inc. $FNF

Exchange Traded Concepts LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,223 shares of the financial services provider’s stock after buying an additional 21,770 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Fidelity National Financial were worth $3,038,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FNF. Avior Wealth Management LLC increased its holdings in Fidelity National Financial by 1,569.6% during the second quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 19,902 shares during the period. Federated Hermes Inc. boosted its position in Fidelity National Financial by 13.4% during the 2nd quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after acquiring an additional 19,503 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Fidelity National Financial by 29.3% in the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock valued at $10,096,000 after acquiring an additional 40,835 shares during the period. Amundi raised its position in shares of Fidelity National Financial by 32.3% in the 2nd quarter. Amundi now owns 562,348 shares of the financial services provider’s stock worth $32,228,000 after acquiring an additional 137,381 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth $8,579,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FNF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday, December 15th. National Bankshares set a $72.00 price target on shares of Fidelity National Financial in a report on Thursday, December 18th. Wall Street Zen upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Finally, Stephens began coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.

Fidelity National Financial Trading Up 0.5%

NYSE FNF opened at $54.98 on Friday. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a fifty day simple moving average of $57.03 and a two-hundred day simple moving average of $57.35. 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 stock has a market cap of $15.46 billion, a P/E ratio of 13.26 and a beta of 1.01.

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

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.12%.

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.