Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,497,471 shares of the financial services provider’s stock after buying an additional 34,634 shares during the period. Geode Capital Management LLC’s holdings in Fidelity National Financial were worth $252,037,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FNF. B. Metzler seel. Sohn & Co. AG grew its position in Fidelity National Financial by 20.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,446 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 3,000 shares during the period. Wellington Management Group LLP lifted its stake in shares of Fidelity National Financial by 421.4% in the 4th quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider’s stock valued at $1,977,000 after purchasing an additional 28,468 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Fidelity National Financial by 16.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 30,711 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 4,286 shares during the period. Life Planning Partners Inc increased its position in Fidelity National Financial by 5,166.6% during the 4th quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider’s stock worth $10,511,000 after purchasing an additional 183,672 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Fidelity National Financial by 14.8% in the fourth quarter. Schroder Investment Management Group now owns 1,275,360 shares of the financial services provider’s stock valued at $71,522,000 after buying an additional 164,492 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 6.4 %

Shares of Fidelity National Financial stock opened at $60.13 on Friday. 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, Inc. has a 1-year low of $46.85 and a 1-year high of $66.72. The business has a 50-day moving average of $61.39 and a 200-day moving average of $60.23. The company has a market capitalization of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the business earned $0.75 EPS. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of the 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 owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

FNF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens increased their price target on 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 cut 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 Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods decreased 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.