Resona Asset Management Co. Ltd. Acquires Shares of 73,663 Fidelity National Financial, Inc. (NYSE:FNF)

Resona Asset Management Co. Ltd. purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 73,663 shares of the financial services provider's stock, valued at approximately $4,137,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FNF. Parkside Financial Bank & Trust grew its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $52,000. UMB Bank n.a. increased its stake in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the period. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

FNF has been the subject of several recent analyst reports. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted 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 report on Monday, February 24th. Finally, Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

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Fidelity National Financial Stock Up 3.0 %

Fidelity National Financial stock traded up $1.77 during mid-day trading on Monday, reaching $61.75. The company's stock had a trading volume of 356,180 shares, compared to its average volume of 1,092,818. 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 12 month low of $46.85 and a 12 month high of $66.72. The business's 50 day simple moving average is $61.57 and its 200 day simple moving average is $60.17. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 13.28 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating 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 firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's dividend payout ratio is currently 43.01%.

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.