Schroder Investment Management Group Buys 164,492 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Schroder Investment Management Group lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,275,360 shares of the financial services provider’s stock after acquiring an additional 164,492 shares during the period. Schroder Investment Management Group owned 0.47% of Fidelity National Financial worth $71,522,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FNF. Parkside Financial Bank & Trust grew its holdings in Fidelity National Financial by 50.6% in 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 worth $37,000. True Wealth Design LLC purchased a new position in Fidelity National Financial during the 3rd quarter worth $41,000. Golden State Wealth Management LLC acquired a new position in Fidelity National Financial during the 4th quarter valued at about $52,000. Finally, UMB Bank n.a. raised its stake in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after buying an additional 472 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 0.6 %

Shares of Fidelity National Financial stock opened at $65.13 on Tuesday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $66.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $17.91 billion, a PE ratio of 14.01 and a beta of 1.32. The firm has a fifty day moving average price of $60.90 and a 200 day moving average price of $60.13.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.75 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on FNF. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased 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. Barclays boosted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

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.