Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 21.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,000 shares of the financial services provider’s stock after selling 1,357 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Fidelity National Financial were worth $281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Elo Mutual Pension Insurance Co grew its position in Fidelity National Financial by 4.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,180 shares of the financial services provider’s stock worth $1,357,000 after purchasing an additional 1,123 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Fidelity National Financial by 11.2% during the fourth 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 buying an additional 19,760 shares during the last quarter. Korea Investment CORP boosted its position in shares of Fidelity National Financial by 43.5% during the fourth quarter. Korea Investment CORP now owns 260,821 shares of the financial services provider’s stock worth $14,642,000 after buying an additional 79,019 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in Fidelity National Financial by 100.3% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 16,174 shares of the financial services provider’s stock worth $908,000 after buying an additional 8,101 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Fidelity National Financial by 3.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,082 shares of the financial services provider’s stock valued at $847,000 after acquiring an additional 522 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $65.13 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $60.90 and a 200-day moving average of $60.13. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.10. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 14.01 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s dividend payout ratio is 43.01%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stephens boosted 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. Keefe, Bruyette & Woods decreased 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. Barclays boosted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Company 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.