Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in Fidelity National Financial, Inc. (NYSE:FNF) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,854 shares of the financial services provider’s stock after selling 970 shares during the period. Maryland State Retirement & Pension System’s holdings in Fidelity National Financial were worth $778,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial in the third quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its stake in Fidelity National Financial by 50.6% in the 4th 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 acquired a new stake in Fidelity National Financial during the 4th quarter valued at $37,000. True Wealth Design LLC purchased a new position in Fidelity National Financial during the third quarter worth $41,000. Finally, Larson Financial Group LLC raised its holdings in shares of Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the 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 directly owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by insiders.

Fidelity National Financial Stock Up 2.1 %

Shares of NYSE FNF opened at $64.85 on Tuesday. The stock has a market capitalization of $17.83 billion, a PE ratio of 13.95 and a beta of 1.32. 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 firm has a fifty day moving average of $60.12 and a 200-day moving average of $59.91. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

A number of research firms recently commented on FNF. Stephens lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Barclays lifted 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. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

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.