Bessemer Group Inc. Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

Bessemer Group Inc. grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,463 shares of the financial services provider’s stock after purchasing an additional 319 shares during the quarter. Bessemer Group Inc.’s holdings in Fidelity National Financial were worth $2,945,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased 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 valued at $35,000 after buying an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $52,000. UMB Bank n.a. raised its holdings 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 boosted its position in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 223 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. Barclays boosted 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 upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a report on Tuesday, April 8th. Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Price Performance

NYSE:FNF opened at $59.92 on Monday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $66.72. The stock’s fifty day moving average is $61.57 and its two-hundred day moving average is $60.17. The company has a market capitalization of $16.48 billion, a P/E ratio of 12.89 and a beta of 1.09. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

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 firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the previous year, the firm earned $0.75 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given 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 3.34%. Fidelity National Financial’s payout ratio is currently 43.01%.

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.