California Public Employees Retirement System Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

California Public Employees Retirement System cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,057 shares of the financial services provider’s stock after selling 24,358 shares during the quarter. California Public Employees Retirement System’s holdings in Fidelity National Financial were worth $27,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNF. Parkside Financial Bank & Trust boosted its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in Fidelity National Financial during the fourth quarter worth about $52,000. UMB Bank n.a. increased its holdings in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after buying an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 3.5 %

Shares of FNF stock opened at $64.24 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 13.82 and a beta of 1.09. The firm has a 50-day moving average price of $61.34 and a 200 day moving average price of $60.24. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last announced 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 business had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.75 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

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

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.