Allstate Corp Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Allstate Corp acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,218 shares of the financial services provider's stock, valued at approximately $405,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Fidelity National Financial in the 4th quarter valued at about $158,386,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $33,103,000. Jupiter Asset Management Ltd. acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $32,670,000. National Pension Service boosted its stake in Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock valued at $27,879,000 after purchasing an additional 430,252 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after buying an additional 387,729 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on FNF. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays increased their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.40.

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Fidelity National Financial Price Performance

FNF traded down $2.28 on Monday, reaching $57.80. The stock had a trading volume of 1,873,324 shares, compared to its average volume of 1,098,667. The firm has a 50-day moving average of $61.36 and a 200-day moving average of $60.20. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.72. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 12.43 and a beta of 1.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. Fidelity National Financial's payout ratio is 43.01%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Company 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.