Mn Services Vermogensbeheer B.V. Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Mn Services Vermogensbeheer B.V. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,100 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fidelity National Financial were worth $5,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in Fidelity National Financial by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,918 shares of the financial services provider’s stock valued at $2,971,000 after acquiring an additional 298 shares in the last quarter. National Pension Service raised its position in Fidelity National Financial by 648.5% during the fourth 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 in the last quarter. Lingotto Investment Management LLP raised its position in Fidelity National Financial by 0.5% during the fourth quarter. Lingotto Investment Management LLP now owns 157,462 shares of the financial services provider’s stock valued at $8,840,000 after acquiring an additional 858 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Fidelity National Financial by 22.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 159,316 shares of the financial services provider’s stock valued at $8,944,000 after acquiring an additional 28,912 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at approximately $995,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted their price objective on 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. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Truist Financial boosted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Stock Up 2.8 %

Fidelity National Financial stock opened at $64.51 on Friday. The stock has a market capitalization of $17.65 billion, a PE ratio of 13.87 and a beta of 1.39. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The business has a 50 day simple moving average of $57.75 and a 200-day simple moving average of $59.29. 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 (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 company posted $0.75 earnings per share. On average, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This 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.

Fidelity National Financial 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.