Intech Investment Management LLC Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Intech Investment Management LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 90.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,214 shares of the financial services provider's stock after purchasing an additional 13,878 shares during the period. Intech Investment Management LLC's holdings in Fidelity National Financial were worth $1,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Brooklyn Investment Group bought a new stake in Fidelity National Financial in the third quarter worth $35,000. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $37,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the third quarter valued at approximately $41,000. Finally, Larson Financial Group LLC raised its holdings in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of research analyst reports. Barclays upped their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, January 3rd. Keefe, Bruyette & Woods decreased 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 note on Wednesday, January 8th. Finally, 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 note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus price target of $70.40.

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Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Performance

FNF stock traded up $0.41 during midday trading on Tuesday, reaching $65.29. 1,533,681 shares of the company's stock traded hands, compared to its average volume of 1,031,030. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65. The stock has a market cap of $17.95 billion, a P/E ratio of 14.04 and a beta of 1.32. The stock's 50-day moving average is $60.32 and its 200 day moving average is $59.96.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data 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. 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 business posted $0.75 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. Fidelity National Financial's payout ratio is currently 43.01%.

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.