Illinois Municipal Retirement Fund Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

Illinois Municipal Retirement Fund raised its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,316 shares of the financial services provider's stock after acquiring an additional 28,912 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Fidelity National Financial worth $8,944,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB lifted its holdings in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock valued at $2,630,000 after acquiring an additional 8,511 shares during the period. Everence Capital Management Inc. acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC lifted its holdings in Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock valued at $3,604,000 after acquiring an additional 15,100 shares during the period. GAMMA Investing LLC lifted its holdings in Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 1,233 shares during the period. Finally, Barclays PLC raised its stake in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after buying an additional 9,146 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their target price on 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. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, StockNews.com raised Fidelity National Financial from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.40.

Fidelity National Financial Price Performance

Shares of FNF traded up $1.73 during trading hours on Friday, hitting $64.51. 1,943,645 shares of the stock were exchanged, compared to its average volume of 1,053,558. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 13.87 and a beta of 1.39. The stock's 50-day moving average price is $57.75 and its two-hundred day moving average price is $59.26.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly 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 firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the business earned $0.75 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's payout ratio is currently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction on Friday, January 10th. The stock was 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 directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company 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.