Geode Capital Management LLC Raises Position in Fidelity National Financial, Inc. (NYSE:FNF)

Geode Capital Management LLC increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,497,471 shares of the financial services provider’s stock after purchasing an additional 34,634 shares during the period. Geode Capital Management LLC owned approximately 1.64% of Fidelity National Financial worth $252,037,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Fidelity National Financial by 20.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,446 shares of the financial services provider’s stock valued at $979,000 after buying an additional 3,000 shares during the period. Wellington Management Group LLP lifted its holdings in Fidelity National Financial by 421.4% in the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider’s stock valued at $1,977,000 after acquiring an additional 28,468 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Fidelity National Financial by 16.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 30,711 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 4,286 shares in the last quarter. Life Planning Partners Inc grew its stake in shares of Fidelity National Financial by 5,166.6% during the 4th quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider’s stock worth $10,511,000 after purchasing an additional 183,672 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Fidelity National Financial by 14.8% in the 4th quarter. Schroder Investment Management Group now owns 1,275,360 shares of the financial services provider’s stock valued at $71,522,000 after purchasing an additional 164,492 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 6.4 %

Shares of NYSE:FNF opened at $60.13 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.54 billion, a P/E ratio of 12.93 and a beta of 1.09. 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 simple moving average is $61.39 and its 200-day simple moving average is $60.23.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company 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 prior year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.33%. Fidelity National Financial’s payout ratio is currently 43.01%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Stephens boosted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by insiders.

About Fidelity National Financial

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.