Citigroup Inc. Has $29.79 Million Holdings in Fidelity National Financial, Inc. $FNF

Citigroup Inc. raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 101.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 492,496 shares of the financial services provider’s stock after acquiring an additional 247,974 shares during the period. Citigroup Inc. owned approximately 0.18% of Fidelity National Financial worth $29,791,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FNF. Goldman Sachs Group Inc. grew its holdings in Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after buying an additional 47,267 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 8,494 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Fidelity National Financial by 16.1% in the second quarter. Asset Management One Co. Ltd. now owns 112,858 shares of the financial services provider’s stock valued at $6,327,000 after acquiring an additional 15,651 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Fidelity National Financial by 10.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 681,697 shares of the financial services provider’s stock worth $38,216,000 after acquiring an additional 64,413 shares during the period. Finally, Brighton Jones LLC increased its position in Fidelity National Financial by 191.8% during the second quarter. Brighton Jones LLC now owns 9,949 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 6,540 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FNF shares. National Bank Financial set a $71.00 price objective on shares of Fidelity National Financial in a report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Barclays reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Trading Down 0.8%

Shares of FNF stock opened at $51.54 on Thursday. Fidelity National Financial, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.72. The stock’s fifty day moving average price is $54.73 and its two-hundred day moving average price is $57.02. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.25 and a current ratio of 44.61. The company has a market cap of $14.49 billion, a PE ratio of 24.25, a P/E/G ratio of 0.66 and a beta of 0.98.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.73% and a net margin of 4.17%.Fidelity National Financial’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity National Financial’s dividend payout ratio is 97.65%.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.