Fidelity National Financial, Inc. (NYSE:FNF) Stock Position Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,100 shares of the financial services provider's stock after purchasing an additional 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Fidelity National Financial were worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in Fidelity National Financial by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,918 shares of the financial services provider's stock worth $2,971,000 after purchasing an additional 298 shares during the period. National Pension Service lifted its holdings in shares of Fidelity National Financial by 648.5% during the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after purchasing an additional 430,252 shares during the period. Lingotto Investment Management LLP lifted its holdings in shares of Fidelity National Financial by 0.5% during the fourth quarter. Lingotto Investment Management LLP now owns 157,462 shares of the financial services provider's stock worth $8,840,000 after purchasing an additional 858 shares during the period. Illinois Municipal Retirement Fund raised its position in Fidelity National Financial by 22.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 159,316 shares of the financial services provider's stock valued at $8,944,000 after acquiring an additional 28,912 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $995,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have weighed in on FNF shares. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens raised their price target 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. Finally, Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.40.

Fidelity National Financial Stock Up 1.3 %

Fidelity National Financial stock traded up $0.80 during mid-day trading on Wednesday, hitting $63.54. 1,318,580 shares of the company's stock were exchanged, compared to its average volume of 1,087,423. The stock has a market cap of $17.39 billion, a P/E ratio of 13.67 and a beta of 1.31. The stock has a 50 day moving average of $58.17 and a two-hundred day moving average of $59.44. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. 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 posted its quarterly earnings data 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 analysts' expectations of $3.33 billion. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Fidelity National Financial's payout ratio is 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial 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 value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.