Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,200 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Fidelity National Financial were worth $4,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of FNF. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after buying an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Fidelity National Financial in the 3rd quarter valued at $11,469,000. CWA Asset Management Group LLC purchased a new stake in Fidelity National Financial in the 3rd quarter worth $11,100,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth $7,760,000. Finally, Prana Capital Management LP raised its position in Fidelity National Financial by 1,104.7% during the third quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock worth $7,740,000 after acquiring an additional 114,363 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $56.78 on Thursday. The company has a market cap of $15.54 billion, a P/E ratio of 20.65 and a beta of 1.39. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The company’s 50-day moving average price is $57.73 and its 200-day moving average price is $58.88. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods reduced their target price 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

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.