Zurcher Kantonalbank Zurich Cantonalbank Has $2.90 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,604 shares of the financial services provider’s stock after selling 1,863 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fidelity National Financial were worth $2,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the 4th quarter valued at approximately $33,103,000. National Pension Service increased its position in Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after acquiring an additional 430,252 shares during the period. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after acquiring an additional 387,729 shares during the period. Point72 Asset Management L.P. acquired a new position in Fidelity National Financial in the 3rd quarter valued at approximately $11,469,000. Finally, Life Planning Partners Inc increased its position in Fidelity National Financial by 5,166.6% in the 4th quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider’s stock valued at $10,511,000 after acquiring an additional 183,672 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s 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 directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded 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 lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays lifted 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 note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Trading Up 2.6 %

FNF opened at $64.83 on Friday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. 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 cap of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. The company has a fifty day moving average price of $59.07 and a two-hundred day moving average price of $59.68.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm 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 period in the previous year, the firm posted $0.75 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 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.