Arrowstreet Capital Limited Partnership Has $41.59 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 60.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 740,892 shares of the financial services provider's stock after purchasing an additional 279,283 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.27% of Fidelity National Financial worth $41,594,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $52,000. UMB Bank n.a. grew its holdings in shares of Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNF. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays upped 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Trading Down 6.4 %

FNF traded down $4.10 during midday trading on Friday, hitting $60.13. 1,959,301 shares of the company were exchanged, compared to its average volume of 1,094,602. The firm's 50 day moving average price is $61.39 and its 200-day moving average price is $60.23. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $66.72. The firm has a market capitalization of $16.54 billion, a P/E ratio of 12.93 and a beta of 1.09. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by 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.