Securian Asset Management Inc. Sells 549 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Securian Asset Management Inc. lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,652 shares of the financial services provider’s stock after selling 549 shares during the period. Securian Asset Management Inc.’s holdings in Fidelity National Financial were worth $1,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. Covestor Ltd grew its position in Fidelity National Financial by 73.1% in the third quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 343 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Fidelity National Financial by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 710 shares during the last quarter. Empower Advisory Group LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth about $335,000. Metis Global Partners LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth about $205,000. Finally, CIBC Asset Management Inc grew its holdings in shares of Fidelity National Financial by 3.2% during the third quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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 Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $64.83 on Friday. The stock’s 50 day moving average is $59.07 and its 200 day moving average is $59.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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.