National Pension Service Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

National Pension Service grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 648.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 496,600 shares of the financial services provider's stock after buying an additional 430,252 shares during the period. National Pension Service owned 0.18% of Fidelity National Financial worth $27,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $41,000. Finally, Larson Financial Group LLC raised its position in shares of Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock valued at $43,000 after buying an additional 402 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 1.3 %

Fidelity National Financial stock traded up $0.80 during trading on Wednesday, reaching $63.54. The stock had a trading volume of 1,318,580 shares, compared to its average volume of 1,087,423. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65. The business has a 50 day moving average price of $58.17 and a 200 day moving average price of $59.44. 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 stock has a market cap of $17.39 billion, a PE ratio of 13.67 and a beta of 1.31.

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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, topping analysts' consensus estimates 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 company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on FNF. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of 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. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company 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 given a buy rating to the company. According to MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and an average target price of $70.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction 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 in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate 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.