Amundi Raises Position in Fidelity National Financial, Inc. (NYSE:FNF)

Amundi raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 71.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 427,244 shares of the financial services provider’s stock after buying an additional 178,675 shares during the period. Amundi owned approximately 0.16% of Fidelity National Financial worth $23,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB lifted 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 worth $2,630,000 after purchasing an additional 8,511 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth $621,000. Horizon Kinetics Asset Management LLC lifted its position in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 15,100 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 19.8% during 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, Smartleaf Asset Management LLC lifted its position in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 223 shares during 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 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 transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FNF. Stephens boosted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Barclays boosted their price target 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. Keefe, Bruyette & Woods reduced 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. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Trading Up 2.7 %

NYSE FNF opened at $63.36 on Friday. 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 firm has a market cap of $17.42 billion, a PE ratio of 13.62 and a beta of 1.32. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The firm’s fifty day moving average is $58.91 and its two-hundred day moving average is $59.63.

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, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion for 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 period in the previous year, the business posted $0.75 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.16%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

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.