KLP Kapitalforvaltning AS Purchases New Stake in Fidelity National Financial, Inc. (NYSE:FNF)

KLP Kapitalforvaltning AS acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 91,719 shares of the financial services provider’s stock, valued at approximately $5,149,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its stake in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial in the 3rd quarter valued at $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens upped 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, February 24th. Barclays raised their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Trading Up 0.6 %

Shares of NYSE FNF opened at $65.29 on Wednesday. The firm has a 50 day moving average price of $60.32 and a two-hundred day moving average price of $59.96. The stock has a market cap of $17.95 billion, a P/E ratio of 14.04 and a beta of 1.32. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.79. 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 data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share 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 the consensus estimate 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 period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS 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. Investors of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

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.