Board of the Pension Protection Fund Increases Holdings in Fidelity National Financial, Inc. $FNF

Board of the Pension Protection Fund increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 330.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the financial services provider’s stock after purchasing an additional 21,500 shares during the quarter. Board of the Pension Protection Fund’s holdings in Fidelity National Financial were worth $1,529,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after acquiring an additional 47,267 shares during the period. Acadian Asset Management LLC increased its stake in shares of Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after acquiring an additional 8,494 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Fidelity National Financial by 4.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 39,078 shares of the financial services provider’s stock worth $2,191,000 after purchasing an additional 1,793 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Fidelity National Financial by 15.3% during the second quarter. Foundations Investment Advisors LLC now owns 6,858 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 911 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Fidelity National Financial by 56.1% during the second quarter. Cetera Investment Advisers now owns 98,148 shares of the financial services provider’s stock valued at $5,502,000 after purchasing an additional 35,276 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FNF shares. National Bank Financial set a $71.00 price target on Fidelity National Financial in a research report on Monday, February 23rd. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Barclays dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Fidelity National Financial Stock Down 6.0%

FNF opened at $44.82 on Friday. The company has a fifty day moving average of $52.78 and a two-hundred day moving average of $55.84. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.60 and a beta of 0.99. Fidelity National Financial, Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business earned $1.34 earnings per share. Fidelity National Financial’s revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 97.65%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director directly owned 13,186 shares in the company, valued at $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is owned by company insiders.

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.