JPMorgan Chase & Co. Sells 207,875 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

JPMorgan Chase & Co. lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 847,381 shares of the financial services provider's stock after selling 207,875 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of Fidelity National Financial worth $47,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elo Mutual Pension Insurance Co grew its holdings in shares of Fidelity National Financial by 4.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,180 shares of the financial services provider's stock valued at $1,357,000 after acquiring an additional 1,123 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Fidelity National Financial by 11.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 195,866 shares of the financial services provider's stock valued at $11,129,000 after acquiring an additional 19,760 shares in the last quarter. Korea Investment CORP grew its holdings in Fidelity National Financial by 43.5% during the fourth quarter. Korea Investment CORP now owns 260,821 shares of the financial services provider's stock worth $14,642,000 after purchasing an additional 79,019 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in Fidelity National Financial by 100.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 16,174 shares of the financial services provider's stock worth $908,000 after purchasing an additional 8,101 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Fidelity National Financial by 3.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,082 shares of the financial services provider's stock worth $847,000 after purchasing an additional 522 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

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Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the 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 completion of the transaction, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FNF shares. 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 lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, January 3rd. Finally, Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Two equities research 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, Fidelity National Financial has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Price Performance

FNF traded down $0.70 during trading on Thursday, hitting $60.43. 301,685 shares of the stock traded hands, compared to its average volume of 1,104,164. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 13.00 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. The business has a 50 day moving average price of $61.47 and a 200 day moving average price of $60.18.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Fidelity National Financial's dividend payout ratio is presently 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.