Pictet Asset Management Holding SA Has $54.17 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Pictet Asset Management Holding SA lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964,950 shares of the financial services provider's stock after selling 126,343 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.35% of Fidelity National Financial worth $54,172,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Elo Mutual Pension Insurance Co boosted its stake in shares of Fidelity National Financial by 4.9% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,180 shares of the financial services provider's stock valued at $1,357,000 after buying an additional 1,123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Fidelity National Financial by 11.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 195,866 shares of the financial services provider's stock valued at $11,129,000 after acquiring an additional 19,760 shares in the last quarter. Korea Investment CORP increased its stake in shares of Fidelity National Financial by 43.5% in the fourth quarter. Korea Investment CORP now owns 260,821 shares of the financial services provider's stock worth $14,642,000 after acquiring an additional 79,019 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of Fidelity National Financial by 100.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 16,174 shares of the financial services provider's stock worth $908,000 after acquiring an additional 8,101 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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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 that occurred 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 sale, the director now 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 accessible through this link. Company insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded down $2.52 during trading on Thursday, reaching $64.07. The company's stock had a trading volume of 777,850 shares, compared to its average volume of 1,234,690. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 13.78 and a beta of 1.32. The business's fifty day moving average price is $61.21 and its 200-day moving average price is $60.21.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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 return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm earned $0.75 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's dividend payout ratio is 43.01%.

Analysts Set New Price Targets

A number of research analysts have commented on FNF shares. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" 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 increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Finally, Barclays raised their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus price target of $70.40.

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.