Allstate Corp Makes New $405,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Allstate Corp bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,218 shares of the financial services provider’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after buying an additional 223 shares during the period. Everence Capital Management Inc. bought a new position in Fidelity National Financial in the fourth quarter valued at about $621,000. GAMMA Investing LLC increased its position in Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,233 shares during the period. Barclays PLC raised its holdings in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Fidelity National Financial by 17.1% during the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 252 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $66.64 on Thursday. The company has a market capitalization of $18.33 billion, a PE ratio of 14.33 and a beta of 1.32. 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 fifty day simple moving average is $61.21 and its 200 day simple moving average is $60.21. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.