Nomura Asset Management Co. Ltd. Sells 550 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Nomura Asset Management Co. Ltd. lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,021 shares of the financial services provider’s stock after selling 550 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Fidelity National Financial were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNF. Parkside Financial Bank & Trust lifted its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares during the period. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter worth approximately $52,000. UMB Bank n.a. grew its position in Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 472 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after buying an additional 223 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $65.98 on Wednesday. The company has a market capitalization of $18.14 billion, a P/E ratio of 14.19 and a beta of 1.32. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $66.53. The firm’s 50 day simple moving average is $61.04 and its two-hundred day simple moving average is $60.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last released its earnings results 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.03%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is owned by insiders.

Fidelity National Financial 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.