Intech Investment Management LLC Grows Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Intech Investment Management LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,214 shares of the financial services provider’s stock after purchasing an additional 13,878 shares during the quarter. Intech Investment Management LLC’s holdings in Fidelity National Financial were worth $1,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at about $35,000. Parkside Financial Bank & Trust increased 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 valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $37,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its position in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FNF. 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 report on Friday, January 3rd. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens increased their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Barclays increased their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, 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 report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 1.0 %

FNF stock opened at $63.49 on Friday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32. The business has a 50 day simple moving average of $59.91 and a two-hundred day simple moving average of $59.86.

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 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the company posted $0.75 EPS. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given 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 dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

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.