Fidelity National Financial, Inc. $FNF Shares Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 330.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the financial services provider’s stock after purchasing an additional 21,500 shares during the period. Board of the Pension Protection Fund’s holdings in Fidelity National Financial were worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC raised its stake in Fidelity National Financial by 76.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fidelity National Financial during the 3rd quarter worth $14,576,000. Federated Hermes Inc. boosted its stake 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 worth $9,279,000 after purchasing an additional 19,503 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after buying an additional 574,189 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Fidelity National Financial by 389.7% during the third quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock worth $7,289,000 after buying an additional 95,895 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a research note on Monday, February 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Finally, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Fidelity National Financial Trading Down 6.0%

Shares of FNF opened at $44.82 on Friday. The firm has a 50-day moving average price of $52.78 and a 200 day moving average price of $55.84. Fidelity National Financial, Inc. has a 12-month low of $44.58 and a 12-month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $12.15 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.60 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. Sell-side analysts forecast 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 dividend of $0.52 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is currently owned by insiders.

Fidelity National Financial Company 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.