Bessemer Group Inc. Increases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Bessemer Group Inc. grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 52,463 shares of the financial services provider’s stock after purchasing an additional 319 shares during the quarter. Bessemer Group Inc.’s holdings in Fidelity National Financial were worth $2,945,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Fidelity National Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock worth $1,518,829,000 after buying an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Financial by 4.8% in the fourth 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 in the last quarter. Victory Capital Management Inc. raised its stake in shares of Fidelity National Financial by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock valued at $454,351,000 after acquiring an additional 98,751 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fidelity National Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock valued at $252,037,000 after acquiring an additional 34,634 shares in the last quarter. Finally, Norges Bank acquired a new position in Fidelity National Financial during the 4th quarter worth $158,386,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FNF shares. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Barclays increased their price objective 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. Deutsche Bank Aktiengesellschaft raised 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 report on Friday, January 3rd. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Stock Down 0.4 %

Shares of NYSE:FNF opened at $59.92 on Monday. The firm has a 50 day simple moving average of $61.57 and a 200-day simple moving average of $60.17. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.48 billion, a PE ratio of 12.89 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during 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 quarter in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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.