Asset Management One Co. Ltd. Sells 17,752 Shares of Fidelity National Financial, Inc. $FNF

Asset Management One Co. Ltd. trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 95,106 shares of the financial services provider’s stock after selling 17,752 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Fidelity National Financial were worth $5,753,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Islay Capital Management LLC raised its stake in shares of Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 200 shares during the last quarter. Burney Co. increased its holdings in Fidelity National Financial by 1.4% during the 3rd quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 243 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Fidelity National Financial by 7.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,504 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 249 shares in the last quarter. Fisher Asset Management LLC raised its position in Fidelity National Financial by 7.7% in the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 260 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its stake in Fidelity National Financial by 1.1% in the second quarter. Confluence Wealth Services Inc. now owns 25,130 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a research note on Tuesday. Finally, Stephens began coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This represents a 31.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $54.95 on Friday. The company has a market cap of $15.45 billion, a PE ratio of 13.25 and a beta of 1.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company’s 50-day moving average is $56.85 and its two-hundred day moving average is $57.37.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The company had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.12%.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.