65,671 Shares in Fidelity National Financial, Inc. $FNF Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 65,671 shares of the financial services provider’s stock, valued at approximately $3,585,000.

Other hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its position in shares of Fidelity National Financial by 2.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 58,357 shares of the financial services provider’s stock worth $3,186,000 after purchasing an additional 1,163 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Fidelity National Financial by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,626 shares of the financial services provider’s stock valued at $4,403,000 after buying an additional 6,918 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in Fidelity National Financial by 10.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,583 shares of the financial services provider’s stock valued at $645,000 after buying an additional 1,082 shares in the last quarter. Nordea Investment Management AB raised its stake in Fidelity National Financial by 10.1% during the fourth quarter. Nordea Investment Management AB now owns 25,431 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 2,323 shares during the last quarter. Finally, Board of the Pension Protection Fund raised its stake in Fidelity National Financial by 330.8% during the fourth quarter. Board of the Pension Protection Fund now owns 28,000 shares of the financial services provider’s stock valued at $1,529,000 after buying an additional 21,500 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FNF shares. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research note on Monday, February 23rd. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays dropped their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Fidelity National Financial Price Performance

NYSE FNF opened at $45.76 on Monday. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $66.72. The stock has a 50-day moving average of $51.81 and a 200 day moving average of $55.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.58 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the company posted $1.34 EPS. Fidelity National Financial’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial 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 value of $335,400.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Fidelity National Financial Company 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.