Elo Mutual Pension Insurance Co Has $1.36 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Elo Mutual Pension Insurance Co increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,180 shares of the financial services provider’s stock after buying an additional 1,123 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Financial were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $33,103,000. Jupiter Asset Management Ltd. acquired a new position in Fidelity National Financial during the fourth quarter worth approximately $32,670,000. National Pension Service raised its stake in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after buying an additional 430,252 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 4.8% during the 4th 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 period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $11,469,000. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNF has been the subject of several research reports. Keefe, Bruyette & Woods cut their price target on 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. Barclays lifted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, 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 research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Stock Performance

FNF opened at $64.77 on Monday. 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, Inc. has a 52-week low of $46.85 and a 52-week high of $66.10. The firm has a market cap of $17.81 billion, a P/E ratio of 13.93 and a beta of 1.32. The business’s fifty day moving average is $60.76 and its 200-day moving average is $60.09.

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 analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.75 earnings per share. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was 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 in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.