Pictet Asset Management Holding SA Sells 126,343 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Pictet Asset Management Holding SA lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 11.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 964,950 shares of the financial services provider’s stock after selling 126,343 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Fidelity National Financial were worth $54,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $158,386,000. Elo Mutual Pension Insurance Co boosted 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 valued at $1,357,000 after buying an additional 1,123 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Fidelity National Financial by 11.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 195,866 shares of the financial services provider’s stock worth $11,129,000 after acquiring an additional 19,760 shares in the last quarter. Korea Investment CORP increased 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 acquiring an additional 79,019 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of Fidelity National Financial by 100.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 16,174 shares of the financial services provider’s stock valued at $908,000 after acquiring an additional 8,101 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $64.77 on Friday. The company has a market capitalization of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. The company has a 50-day simple moving average of $60.76 and a two-hundred day simple moving average of $60.07. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $66.10. 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 (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates 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 business posted $0.75 EPS. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Analysts Set New Price Targets

Several research firms have commented on FNF. Stephens raised their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. 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 report on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price target 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target 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.