807,761 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Norges Bank

Norges Bank bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 807,761 shares of the financial services provider’s stock, valued at approximately $41,212,000. Norges Bank owned approximately 0.30% of Fidelity National Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Tiff Advisory Services LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at $6,511,000. ING Groep NV boosted its stake in shares of Fidelity National Financial by 11,119.1% in the 4th quarter. ING Groep NV now owns 124,308 shares of the financial services provider’s stock valued at $6,342,000 after buying an additional 123,200 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $44,000. Kingsview Wealth Management LLC increased its stake in shares of Fidelity National Financial by 903.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 158,548 shares of the financial services provider’s stock worth $8,089,000 after buying an additional 142,746 shares during the period. Finally, Meridian Wealth Management LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $2,203,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Barclays increased their target price on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Stephens lifted their price target on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.80.

Check Out Our Latest Stock Analysis on FNF

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $49.88 on Thursday. Fidelity National Financial, Inc. has a 1 year low of $33.61 and a 1 year high of $53.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 16.41 and a beta of 1.33. The stock’s 50-day moving average is $50.98 and its two-hundred day moving average is $49.69.

Fidelity National Financial (NYSE:FNFGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Analysts predict that Fidelity National Financial, Inc. will post 4.73 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s payout ratio is currently 63.16%.

Fidelity National Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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