Legal & General Group Plc Has $96.97 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Legal & General Group Plc reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,727,285 shares of the financial services provider's stock after selling 407,665 shares during the quarter. Legal & General Group Plc owned about 0.63% of Fidelity National Financial worth $96,970,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in shares of Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 223 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at $621,000. GAMMA Investing LLC grew its holdings in Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock worth $419,000 after acquiring an additional 1,233 shares during the period. Barclays PLC raised its position in Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after acquiring an additional 9,146 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Fidelity National Financial by 17.1% in the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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Fidelity National Financial Stock Up 0.6 %

Shares of NYSE:FNF traded up $0.34 during midday trading on Tuesday, hitting $62.40. 1,552,081 shares of the stock were exchanged, compared to its average volume of 1,099,643. The business's fifty day simple moving average is $61.64 and its two-hundred day simple moving average is $60.18. 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 $66.72. The company has a market capitalization of $17.16 billion, a PE ratio of 13.42 and a beta of 1.09.

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 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.75 earnings per share. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.20%. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analyst Weigh In

FNF has been the subject of several recent research reports. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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 research report on Tuesday, April 8th. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Stephens boosted their target price 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial 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.