Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 60.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 740,892 shares of the financial services provider’s stock after acquiring an additional 279,283 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Fidelity National Financial were worth $41,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNF. FMR LLC grew its stake in shares of Fidelity National Financial by 11.4% in the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 89,031 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Fidelity National Financial by 28.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,467 shares of the financial services provider’s stock worth $3,318,000 after buying an additional 11,894 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Fidelity National Financial in the third quarter worth approximately $134,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fidelity National Financial in the third quarter valued at $280,000. Finally, Benjamin Edwards Inc. lifted its position in shares of Fidelity National Financial by 998.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 47,176 shares of the financial services provider’s stock valued at $2,928,000 after acquiring an additional 42,880 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Financial

In related 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 transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FNF shares. Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Price Performance

NYSE FNF opened at $65.98 on Wednesday. The company has a 50 day simple moving average of $61.04 and a 200-day simple moving average of $60.17. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $66.53. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 14.19 and a beta of 1.32. 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 released its 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.03%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s 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.