First Eagle Investment Management LLC Decreases Position in Fidelity National Financial, Inc. (NYSE:FNF)

First Eagle Investment Management LLC cut its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,091,774 shares of the financial services provider's stock after selling 16,494 shares during the quarter. First Eagle Investment Management LLC owned 2.23% of Fidelity National Financial worth $341,992,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock worth $472,300,000 after purchasing an additional 387,729 shares during the last quarter. Victory Capital Management Inc. increased its position in Fidelity National Financial by 1.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock worth $454,351,000 after buying an additional 98,751 shares in the last quarter. Geode Capital Management LLC increased its position in Fidelity National Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock worth $276,343,000 after buying an additional 69,643 shares in the last quarter. AustralianSuper Pty Ltd increased its position in Fidelity National Financial by 0.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider's stock worth $103,827,000 after buying an additional 15,664 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider's stock worth $94,978,000 after buying an additional 57,316 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

FNF has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price target on 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. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" 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 raised their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Trading Down 1.3 %

Fidelity National Financial stock traded down $0.86 during trading on Tuesday, hitting $64.05. The company's stock had a trading volume of 1,010,296 shares, compared to its average volume of 1,020,132. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. The stock's fifty day moving average is $59.25 and its 200 day moving average is $59.73. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. 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 (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.75 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.12%. Fidelity National Financial's dividend payout ratio is presently 43.01%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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.