Mitsubishi UFJ Asset Management Co. Ltd. Has $15.15 Million Position in Fidelity National Financial, Inc. $FNF

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,422 shares of the financial services provider’s stock after acquiring an additional 27,837 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Fidelity National Financial worth $15,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Islay Capital Management LLC lifted its stake in Fidelity National Financial by 2.3% in the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 200 shares during the last quarter. Burney Co. raised its stake in Fidelity National Financial by 1.4% in the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after buying an additional 243 shares during the period. Centennial Wealth Advisory LLC lifted its position in shares of Fidelity National Financial by 5.7% in the third quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock valued at $277,000 after buying an additional 248 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Fidelity National Financial by 7.7% in the second quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock valued at $204,000 after buying an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Fidelity National Financial by 7.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 277 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FNF shares. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Stephens started 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 increased 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 report 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. Finally, National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Fidelity National Financial Stock Up 1.3%

FNF stock opened at $52.87 on Monday. Fidelity National Financial, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.67 and a beta of 0.99. The business’s fifty day moving average price is $54.59 and its two-hundred day moving average price is $56.89.

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). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $1.34 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Insider Buying and Selling at Fidelity National Financial

In related 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 completion of the sale, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.50% of the company’s stock.

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.