O Shaughnessy Asset Management LLC Buys 4,286 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

O Shaughnessy Asset Management LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 16.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,711 shares of the financial services provider’s stock after buying an additional 4,286 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Fidelity National Financial were worth $1,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $158,386,000. Raymond James Financial Inc. bought a new stake in Fidelity National Financial during the fourth quarter worth $33,103,000. Jupiter Asset Management Ltd. bought a new position in shares of Fidelity National Financial in the 4th quarter valued at about $32,670,000. National Pension Service grew its position in shares of Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after acquiring an additional 430,252 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after purchasing an additional 387,729 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FNF. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised 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. Keefe, Bruyette & Woods cut their price target 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. Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $60.13 on Friday. The stock’s fifty day moving average price is $61.39 and its two-hundred day moving average price is $60.24. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $66.72. 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 quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, equities analysts forecast 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. Investors of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. Fidelity National Financial’s dividend payout ratio is 43.01%.

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.