Elo Mutual Pension Insurance Co Acquires 1,123 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Elo Mutual Pension Insurance Co lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,180 shares of the financial services provider’s stock after purchasing an additional 1,123 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Financial were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Fidelity National Financial by 11.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 195,866 shares of the financial services provider’s stock valued at $11,129,000 after acquiring an additional 19,760 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Fidelity National Financial by 43.5% in the fourth quarter. Korea Investment CORP now owns 260,821 shares of the financial services provider’s stock valued at $14,642,000 after purchasing an additional 79,019 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in Fidelity National Financial by 100.3% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 16,174 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 8,101 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Fidelity National Financial by 3.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,082 shares of the financial services provider’s stock worth $847,000 after buying an additional 522 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Fidelity National Financial by 76.1% in the 4th quarter. Prudential Financial Inc. now owns 424,543 shares of the financial services provider’s stock valued at $23,834,000 after buying an additional 183,450 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $64.77 on Monday. The firm’s 50 day simple moving average is $60.76 and its 200 day simple moving average is $60.09. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.10. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 13.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted their price target 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, February 24th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

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.