KLP Kapitalforvaltning AS Buys Shares of 91,719 Fidelity National Financial, Inc. (NYSE:FNF)

KLP Kapitalforvaltning AS acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 91,719 shares of the financial services provider's stock, valued at approximately $5,149,000.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FNF shares. Stephens lifted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. 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 cut their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Three 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.40.

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Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of the firm's 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 sale, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Down 0.2 %

Shares of NYSE:FNF traded down $0.16 on Friday, hitting $64.77. 1,397,628 shares of the company traded hands, compared to its average volume of 1,091,246. The stock has a 50 day simple moving average of $60.76 and a 200-day simple moving average of $60.07. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $66.10.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period last year, the business earned $0.75 EPS. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.09%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Fidelity National Financial Company 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.