658,250 Shares in Fidelity National Financial, Inc. $FNF Acquired by PFA Pension Forsikringsaktieselskab

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 658,250 shares of the financial services provider’s stock, valued at approximately $36,362,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in Fidelity National Financial during the third quarter worth approximately $26,000. Canton Hathaway LLC purchased a new position in Fidelity National Financial during the fourth quarter worth approximately $26,000. Mather Group LLC. purchased a new position in Fidelity National Financial during the third quarter worth approximately $29,000. Atlantic Union Bankshares Corp lifted its position in Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Fidelity National Financial during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $51.66 on Monday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $65.33. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.90 billion, a P/E ratio of 24.30, a P/E/G ratio of 0.66 and a beta of 1.00. The stock’s fifty day moving average is $48.66 and its two-hundred day moving average is $53.48.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. Fidelity National Financial’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial, Inc. will post 6 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.52 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. Fidelity National Financial’s payout ratio is currently 97.65%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. National Bank Financial set a $67.00 price objective on Fidelity National Financial in a research report on Friday, April 10th. Barclays reduced their price objective on Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $62.67.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.