Korea Investment CORP Grows Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Korea Investment CORP increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,821 shares of the financial services provider's stock after acquiring an additional 79,019 shares during the period. Korea Investment CORP owned about 0.10% of Fidelity National Financial worth $14,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cerity Partners LLC grew its stake in Fidelity National Financial by 51.6% in the 3rd quarter. Cerity Partners LLC now owns 32,496 shares of the financial services provider's stock valued at $2,017,000 after purchasing an additional 11,064 shares during the period. Bank of Montreal Can grew its position in Fidelity National Financial by 4.7% during the third quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider's stock valued at $11,259,000 after buying an additional 8,298 shares during the period. FMR LLC increased its holdings in Fidelity National Financial by 11.4% during the third quarter. FMR LLC now owns 872,017 shares of the financial services provider's stock worth $54,117,000 after buying an additional 89,031 shares during the last quarter. Bridgewater Associates LP raised its position in Fidelity National Financial by 628.6% in the third quarter. Bridgewater Associates LP now owns 37,865 shares of the financial services provider's stock worth $2,350,000 after acquiring an additional 32,668 shares during the period. Finally, CreativeOne Wealth LLC grew its position in shares of Fidelity National Financial by 54.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 10,436 shares of the financial services provider's stock valued at $648,000 after acquiring an additional 3,668 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms recently commented on FNF. Stephens lifted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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. Finally, Keefe, Bruyette & Woods cut their target price 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded down $4.10 during trading hours on Friday, reaching $60.13. The company had a trading volume of 1,959,301 shares, compared to its average volume of 1,093,704. 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, Inc. has a one year low of $46.85 and a one year high of $66.72. The firm has a market cap of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09. The business has a fifty day simple moving average of $61.39 and a 200 day simple moving average of $60.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $0.75 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In related 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 transaction of $153,580.00. Following the completion of the transaction, the director now directly 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 through this hyperlink. Corporate insiders own 5.20% of the company's stock.

About Fidelity National Financial

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.