Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 195,866 shares of the financial services provider’s stock after purchasing an additional 19,760 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Fidelity National Financial worth $11,129,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after buying an additional 223 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Fidelity National Financial in the fourth quarter worth $621,000. GAMMA Investing LLC grew its stake in Fidelity National Financial by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares during the period. Barclays PLC increased its position in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Fidelity National Financial by 17.1% during the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 252 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods reduced 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 research report on Wednesday, January 8th. Stephens raised their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Up 0.6 %

FNF opened at $65.13 on Tuesday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.10. The company has a market cap of $17.91 billion, a PE ratio of 14.01 and a beta of 1.32. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $60.90 and a 200 day moving average of $60.13.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the business earned $0.75 earnings per share. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on 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. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.