Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 6.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 340,084 shares of the financial services provider’s stock after purchasing an additional 19,524 shares during the quarter. Natixis Advisors LLC’s holdings in Fidelity National Financial were worth $19,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth $2,817,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Fidelity National Financial by 148.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 123,033 shares of the financial services provider’s stock worth $6,900,000 after purchasing an additional 73,600 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Fidelity National Financial by 2.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 38,494 shares of the financial services provider’s stock worth $2,161,000 after purchasing an additional 789 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Financial during the 4th quarter worth $32,670,000. Finally, Wealthfront Advisers LLC boosted its stake in Fidelity National Financial by 6.7% during the 4th quarter. Wealthfront Advisers LLC now owns 67,897 shares of the financial services provider’s stock worth $3,812,000 after purchasing an additional 4,275 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 1.3 %

Shares of FNF opened at $64.05 on Wednesday. The firm has a market cap of $17.61 billion, a P/E ratio of 13.77 and a beta of 1.32. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65. The company’s 50-day moving average price is $59.40 and its 200 day moving average price is $59.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued 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 firm had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 earned $0.75 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.12%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FNF shares. 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 on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director now owns 32,386 shares in the company, valued at $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. 5.20% of the stock is owned by insiders.

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.