Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 76.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,543 shares of the financial services provider’s stock after acquiring an additional 183,450 shares during the period. Prudential Financial Inc. owned 0.16% of Fidelity National Financial worth $23,834,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 8,511 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Fidelity National Financial during the 4th quarter valued at about $621,000. GAMMA Investing LLC grew its position in Fidelity National Financial by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the firm’s 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 completion of the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.20% of the stock is owned by insiders.

Fidelity National Financial Price Performance

NYSE:FNF opened at $64.71 on Thursday. 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 business’s 50-day moving average price is $60.48 and its 200 day moving average price is $59.99. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $66.10. The firm has a market cap of $17.79 billion, a P/E ratio of 13.92 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts predict 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 will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s payout ratio is 43.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FNF shares. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. 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. Finally, Barclays raised their target price 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.