California Public Employees Retirement System Cuts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

California Public Employees Retirement System lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,057 shares of the financial services provider's stock after selling 24,358 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Fidelity National Financial worth $27,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider's stock worth $54,117,000 after acquiring an additional 89,031 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Fidelity National Financial during the third quarter worth $134,000. Benjamin Edwards Inc. raised its position in Fidelity National Financial by 998.1% in the third quarter. Benjamin Edwards Inc. now owns 47,176 shares of the financial services provider's stock valued at $2,928,000 after purchasing an additional 42,880 shares during the last quarter. Investment Management Corp of Ontario grew its holdings in Fidelity National Financial by 48.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 8,599 shares of the financial services provider's stock worth $534,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Fidelity National Financial by 92.3% in the third quarter. Integrated Wealth Concepts LLC now owns 12,203 shares of the financial services provider's stock valued at $757,000 after purchasing an additional 5,856 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

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Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Up 4.3 %

Shares of FNF stock traded up $2.49 on Tuesday, reaching $60.33. 391,458 shares of the company were exchanged, compared to its average volume of 1,096,060. The company has a 50-day moving average of $61.36 and a 200-day moving average of $60.20. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 12.94 and a beta of 1.09. 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.

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, topping analysts' consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion for 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 period last year, the business earned $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 3.32%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens increased 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. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday. 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, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.60.

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.