Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Life Planning Partners Inc

Life Planning Partners Inc grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5,166.6% during the fourth quarter, HoldingsChannel reports. The firm owned 187,227 shares of the financial services provider’s stock after buying an additional 183,672 shares during the period. Fidelity National Financial accounts for approximately 1.5% of Life Planning Partners Inc’s holdings, making the stock its 20th largest holding. Life Planning Partners Inc’s holdings in Fidelity National Financial were worth $10,511,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Fidelity National Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock worth $1,518,829,000 after buying an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after acquiring an additional 387,729 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Fidelity National Financial by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock worth $454,351,000 after acquiring an additional 98,751 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after purchasing an additional 69,643 shares during the last quarter. Finally, Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter valued at approximately $158,386,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Down 0.2 %

Fidelity National Financial stock opened at $64.77 on Friday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $66.10. The firm’s 50-day moving average is $60.76 and its 200-day moving average is $60.07. 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 company has a market cap of $17.81 billion, a P/E ratio of 13.93 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm 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 last year, the company posted $0.75 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid 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 yield of 3.09%. Fidelity National Financial’s payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FNF. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays raised their price objective 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. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.40.

About Fidelity National Financial

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.