Vanguard Group Inc. Has $1.52 Billion Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Vanguard Group Inc. lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,054,319 shares of the financial services provider’s stock after purchasing an additional 150,493 shares during the quarter. Vanguard Group Inc. owned approximately 9.89% of Fidelity National Financial worth $1,518,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swedbank AB increased its position in Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 223 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $621,000. GAMMA Investing LLC raised its stake in shares of Fidelity National Financial by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Barclays PLC boosted its position in Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after purchasing an additional 9,146 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FNF. Keefe, Bruyette & Woods dropped their price target on shares of 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. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Stock Up 0.2 %

Shares of FNF opened at $64.92 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 company has a 50-day simple moving average of $60.63 and a 200-day simple moving average of $60.03. 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 capitalization of $17.85 billion, a P/E ratio of 13.96 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.08%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

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.