Pictet Asset Management Holding SA Sells 126,343 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Pictet Asset Management Holding SA lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 964,950 shares of the financial services provider’s stock after selling 126,343 shares during the period. Pictet Asset Management Holding SA owned 0.35% of Fidelity National Financial worth $54,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNF. Cerity Partners LLC raised its stake in Fidelity National Financial by 51.6% during the 3rd quarter. Cerity Partners LLC now owns 32,496 shares of the financial services provider’s stock worth $2,017,000 after acquiring an additional 11,064 shares during the period. Larson Financial Group LLC raised its position in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Fidelity National Financial by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 19,596 shares of the financial services provider’s stock valued at $1,216,000 after buying an additional 1,700 shares in the last quarter. Independent Advisor Alliance bought a new position in Fidelity National Financial in the 3rd quarter worth $208,000. Finally, Bank of Montreal Can increased its stake in Fidelity National Financial by 4.7% in the 3rd quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider’s stock worth $11,259,000 after buying an additional 8,298 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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 stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FNF shares. Stephens upped their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Barclays upped their price target 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. Keefe, Bruyette & Woods cut their price objective on shares of 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 raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Trading Down 0.2 %

Shares of FNF opened at $64.77 on Friday. The stock has a market capitalization of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. The company’s fifty day moving average is $60.76 and its 200 day moving average is $60.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.10.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.75 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Fidelity National Financial Profile

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.