American Century Companies Inc. Has $19.54 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

American Century Companies Inc. lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 348,120 shares of the financial services provider’s stock after buying an additional 96,143 shares during the quarter. American Century Companies Inc. owned about 0.13% of Fidelity National Financial worth $19,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Fidelity National Financial in the 4th quarter worth about $33,103,000. Jupiter Asset Management Ltd. bought a new stake in Fidelity National Financial in the fourth quarter worth approximately $32,670,000. National Pension Service lifted its stake in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after buying an additional 430,252 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 387,729 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $11,469,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock opened at $64.77 on Monday. 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 has a fifty day simple moving average of $60.76 and a 200 day simple moving average of $60.09. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $66.10. The company has a market capitalization of $17.81 billion, a P/E ratio of 13.93 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last announced 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. 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 the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. Fidelity National Financial’s payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research analyst reports. Barclays increased their target price 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. Stephens boosted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Three investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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.