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

Intech Investment Management LLC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 90.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,214 shares of the financial services provider's stock after purchasing an additional 13,878 shares during the quarter. Intech Investment Management LLC's holdings in Fidelity National Financial were worth $1,640,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial during the third quarter worth $35,000. Parkside Financial Bank & Trust grew its position 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 worth $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity National Financial in the 4th quarter worth about $37,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC raised its position in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 402 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective 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 boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Stephens raised their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, StockNews.com lowered 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Trading Down 0.9 %

Shares of Fidelity National Financial stock traded down $0.56 on Wednesday, reaching $64.71. 1,173,524 shares of the company's stock were exchanged, compared to its average volume of 1,033,413. The firm's 50-day moving average is $60.32 and its two-hundred day moving average is $59.96. The company has a market capitalization of $17.79 billion, a P/E ratio of 13.92 and a beta of 1.32. 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 52 week low of $46.85 and a 52 week high of $65.99.

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 the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The shares were 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. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by company 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.