Pacer Advisors Inc. Takes Position in Fidelity National Financial, Inc. $FNF

Pacer Advisors Inc. purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 39,895 shares of the financial services provider’s stock, valued at approximately $2,413,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Fidelity National Financial in the second quarter worth approximately $29,000. Rise Advisors LLC purchased a new position in shares of Fidelity National Financial in the first quarter worth $32,000. Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial in the second quarter worth $32,000. Finally, Capital A Wealth Management LLC raised its holdings in Fidelity National Financial by 7,244.4% during the 2nd quarter. Capital A Wealth Management LLC now owns 661 shares of the financial services provider’s stock valued at $34,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity

In related news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FNF shares. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. Keefe, Bruyette & Woods boosted 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. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday. Finally, Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Fidelity National Financial Stock Up 0.2%

FNF stock opened at $55.21 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 13.31 and a beta of 1.01. The business’s 50 day moving average price is $56.98 and its two-hundred day moving average price is $57.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company 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%. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is 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.