Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 22.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,316 shares of the financial services provider’s stock after purchasing an additional 28,912 shares during the period. Illinois Municipal Retirement Fund’s holdings in Fidelity National Financial were worth $8,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Swedbank AB boosted its position in shares of Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 8,511 shares during the period. Everence Capital Management Inc. purchased a new stake in Fidelity National Financial in the fourth quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after acquiring an additional 15,100 shares during the period. GAMMA Investing LLC grew its position in shares of Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after acquiring an additional 9,146 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $60.95 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $57.31 and its two-hundred day moving average is $59.15. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The firm has a market capitalization of $16.68 billion, a PE ratio of 13.11 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.75 earnings per share. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’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 completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s 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 sale, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays increased their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods dropped their price target 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. Truist Financial increased their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.40.

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.