Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 159,316 shares of the financial services provider’s stock after acquiring an additional 28,912 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Fidelity National Financial worth $8,944,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the 3rd quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $37,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the third quarter valued at approximately $41,000. Finally, Larson Financial Group LLC grew its position in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was 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 of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Up 1.7 %

Shares of FNF stock opened at $60.95 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The company has a 50 day moving average price of $57.31 and a 200 day moving average price of $59.15. The stock has a market capitalization of $16.68 billion, a P/E ratio of 13.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.28%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

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.