91,719 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 91,719 shares of the financial services provider’s stock, valued at approximately $5,149,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $35,000. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% in the fourth 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 in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter valued at about $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC increased its position in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. 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 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 transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $65.29 on Wednesday. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.79. The company has a market cap of $17.95 billion, a P/E ratio of 14.04 and a beta of 1.32. The firm has a 50-day moving average of $60.32 and a 200-day moving average of $59.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. 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 firm posted $0.75 EPS. Equities research analysts forecast 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. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.06%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

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

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.