Royal London Asset Management Ltd. Buys 14,857 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Royal London Asset Management Ltd. raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,120 shares of the financial services provider’s stock after acquiring an additional 14,857 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Fidelity National Financial worth $8,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Fidelity National Financial in the fourth quarter valued at approximately $33,103,000. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at $32,670,000. National Pension Service grew its stake in shares of Fidelity National Financial by 648.5% during the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock worth $27,879,000 after acquiring an additional 430,252 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after acquiring an additional 387,729 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Fidelity National Financial in the 3rd quarter valued at about $11,469,000. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens raised 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. Finally, Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Down 1.0 %

Shares of NYSE:FNF opened at $63.49 on Monday. The firm has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $59.87. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 13.65 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, Inc. has a one year low of $46.85 and a one year high of $65.65.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (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 firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company posted $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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 paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Transactions at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction 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 transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Company 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.