Prudential Financial Inc. Has $23.83 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Prudential Financial Inc. grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 424,543 shares of the financial services provider's stock after purchasing an additional 183,450 shares during the period. Prudential Financial Inc. owned about 0.16% of Fidelity National Financial worth $23,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Fidelity National Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock worth $1,518,829,000 after buying an additional 150,493 shares during the period. LPL Financial LLC raised its position in shares of Fidelity National Financial by 11.2% during the fourth quarter. LPL Financial LLC now owns 233,716 shares of the financial services provider's stock worth $13,121,000 after purchasing an additional 23,546 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $945,000. KLP Kapitalforvaltning AS bought a new stake in Fidelity National Financial during the 4th quarter worth approximately $5,149,000. Finally, American Century Companies Inc. raised its holdings in Fidelity National Financial by 38.2% during the 4th quarter. American Century Companies Inc. now owns 348,120 shares of the financial services provider's stock worth $19,543,000 after buying an additional 96,143 shares during the period. 81.17% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

FNF has been the subject of several research analyst reports. Barclays upped their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Stephens lifted 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. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.40.

Fidelity National Financial Stock Up 0.6 %

Shares of NYSE:FNF traded up $0.41 during trading on Monday, hitting $65.13. 1,588,267 shares of the company were exchanged, compared to its average volume of 1,093,227. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 14.01 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. The firm has a fifty day moving average price of $60.90 and a two-hundred day moving average price of $60.13. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the firm earned $0.75 EPS. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were 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 in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by corporate insiders.

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.