Aigen Investment Management LP Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Aigen Investment Management LP bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,523 shares of the financial services provider's stock, valued at approximately $310,000.

A number of other large investors have also bought and sold shares of FNF. National Pension Service increased its position in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after buying an additional 430,252 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock worth $472,300,000 after buying an additional 387,729 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Fidelity National Financial in the third quarter worth $11,469,000. Life Planning Partners Inc grew its position in shares of Fidelity National Financial by 5,166.6% in the fourth quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider's stock valued at $10,511,000 after purchasing an additional 183,672 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Fidelity National Financial in the third quarter valued at $11,100,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $62.97 on Friday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $65.65. The business has a 50-day simple moving average of $58.42 and a 200 day simple moving average of $59.52. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31.

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Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the business earned $0.75 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.40.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.

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