National Pension Service Has $27.88 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

National Pension Service grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 648.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 496,600 shares of the financial services provider’s stock after purchasing an additional 430,252 shares during the quarter. National Pension Service owned about 0.18% of Fidelity National Financial worth $27,879,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares during the period. Geode Capital Management LLC lifted its stake in shares of Fidelity National Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after purchasing an additional 69,643 shares during the period. AustralianSuper Pty Ltd raised its stake in Fidelity National Financial by 0.9% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock worth $103,827,000 after buying an additional 15,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Fidelity National Financial by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock worth $94,978,000 after buying an additional 57,316 shares during the period. Finally, FMR LLC raised its stake in Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after buying an additional 89,031 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated 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 in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were 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 owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Price Performance

FNF stock opened at $64.51 on Friday. The stock has a 50-day moving average price of $57.75 and a two-hundred day moving average price of $59.29. The stock has a market cap of $17.65 billion, a PE ratio of 13.87 and a beta of 1.39. 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, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83.

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. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.75 EPS. Equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Analyst Ratings Changes

FNF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Truist Financial raised their price objective on 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 Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Stephens raised their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

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.