Fidelity National Financial, Inc. (NYSE:FNF) Stake Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,784 shares of the financial services provider’s stock after acquiring an additional 2,692 shares during the period. Advisors Asset Management Inc.’s holdings in Fidelity National Financial were worth $2,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FNF. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at $897,000. Commerce Bank boosted its holdings in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 216 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in Fidelity National Financial by 2.0% in the third quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 341 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the company’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 completion of the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Down 1.0 %

Fidelity National Financial stock opened at $63.49 on Friday. The firm 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 fifty-two week low of $46.85 and a fifty-two week high of $65.65. The firm has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $59.86.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during 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 quarter in the prior year, the business earned $0.75 earnings per share. As a group, 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. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FNF. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased 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 report on Wednesday, January 8th. Barclays upped their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, Stephens boosted their target price 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, February 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average price target 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.