Amundi Purchases 178,675 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Amundi grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 71.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 427,244 shares of the financial services provider's stock after acquiring an additional 178,675 shares during the period. Amundi owned about 0.16% of Fidelity National Financial worth $23,930,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of Fidelity National Financial by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider's stock worth $1,833,000 after acquiring an additional 462 shares during the period. Covestor Ltd raised its holdings in Fidelity National Financial by 73.1% during the 3rd quarter. Covestor Ltd now owns 812 shares of the financial services provider's stock worth $50,000 after purchasing an additional 343 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Fidelity National Financial by 4.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider's stock worth $1,058,000 after purchasing an additional 710 shares during the period. Empower Advisory Group LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $335,000. Finally, Metis Global Partners LLC acquired a new stake in shares of Fidelity National Financial during the third quarter worth $205,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents 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 on 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 owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Remove Ads

Fidelity National Financial Stock Up 1.2 %

FNF stock traded up $0.76 during trading on Monday, reaching $65.05. 1,379,852 shares of the stock were exchanged, compared to its average volume of 1,020,618. The firm's 50 day moving average is $59.07 and its 200 day moving average is $59.69. The firm has a market cap of $17.89 billion, a P/E ratio of 13.99 and a beta of 1.32. 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, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued 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. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

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

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.