US Bancorp DE Acquires 43,688 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

US Bancorp DE increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 210.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,406 shares of the financial services provider's stock after buying an additional 43,688 shares during the period. US Bancorp DE's holdings in Fidelity National Financial were worth $3,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FNF. Farther Finance Advisors LLC raised its stake in Fidelity National Financial by 28.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 712 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Fidelity National Financial by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider's stock valued at $1,833,000 after purchasing an additional 462 shares during the last quarter. National Pension Service raised its stake in Fidelity National Financial by 2,211,500.0% in the 3rd quarter. National Pension Service now owns 66,348 shares of the financial services provider's stock valued at $4,118,000 after purchasing an additional 66,345 shares during the last quarter. QRG Capital Management Inc. raised its stake in Fidelity National Financial by 3.9% in the 3rd quarter. QRG Capital Management Inc. now owns 103,081 shares of the financial services provider's stock valued at $6,397,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at about $327,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FNF. Keefe, Bruyette & Woods dropped 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 note on Wednesday, January 8th. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Barclays upped their price objective on shares of 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 price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Stock Down 0.1 %

NYSE FNF traded down $0.09 on Friday, reaching $62.97. The company had a trading volume of 1,106,866 shares, compared to its average volume of 1,087,501. The firm has a market capitalization of $17.23 billion, a PE ratio of 13.54 and a beta of 1.31. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $65.65. The firm has a 50-day moving average of $58.42 and a 200-day moving average of $59.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $0.75 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

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.