Arizona State Retirement System Boosts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Arizona State Retirement System lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,455 shares of the financial services provider’s stock after purchasing an additional 1,087 shares during the quarter. Arizona State Retirement System’s holdings in Fidelity National Financial were worth $4,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNF. Farther Finance Advisors LLC boosted its holdings in shares of Fidelity National Financial by 28.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 712 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Fidelity National Financial by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock valued at $1,833,000 after acquiring an additional 462 shares during the period. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the 3rd quarter valued at about $32,000. CWA Asset Management Group LLC purchased a new stake in Fidelity National Financial during the 3rd quarter valued at about $11,100,000. Finally, Pegasus Partners Ltd. purchased a new stake in Fidelity National Financial during the 3rd quarter valued at about $209,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Down 0.1 %

FNF opened at $62.97 on Friday. The business has a 50 day simple moving average of $58.42 and a two-hundred day simple moving average of $59.52. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31. 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 one year low of $46.85 and a one year high of $65.65.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company posted $0.75 EPS. Analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods dropped 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. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the 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 transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the 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 transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.