Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,866 shares of the financial services provider's stock after buying an additional 19,760 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Fidelity National Financial worth $11,129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FNF. Parkside Financial Bank & Trust increased its stake in shares of Fidelity National Financial by 50.6% in the fourth 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 period. Kestra Investment Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $37,000. True Wealth Design LLC acquired a new stake in Fidelity National Financial during the 3rd quarter worth about $41,000. Golden State Wealth Management LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at about $52,000. Finally, UMB Bank n.a. lifted its holdings in shares of Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after buying an additional 472 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Friday, January 3rd. Barclays lifted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a report on Wednesday, January 8th. Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.40.

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Fidelity National Financial Price Performance

NYSE:FNF traded down $4.10 during trading hours on Friday, reaching $60.13. 1,959,301 shares of the company were exchanged, compared to its average volume of 1,094,602. The stock's 50-day moving average is $61.39 and its 200-day moving average is $60.23. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. The firm has a market cap of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09. 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 (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share 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 firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Insider Buying and Selling at Fidelity National Financial

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 value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by 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.