Advisory Services Network LLC Buys 485 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Advisory Services Network LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,241 shares of the financial services provider’s stock after purchasing an additional 485 shares during the period. Advisory Services Network LLC’s holdings in Fidelity National Financial were worth $1,080,000 as of its most recent filing with the SEC.

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

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $59.92 on Monday. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of 12.89 and a beta of 1.09. 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 $66.72. The firm’s 50-day simple moving average is $61.57 and its 200 day simple moving average is $60.17.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter last year, the company earned $0.75 earnings per share. As a group, research 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. Fidelity National Financial’s payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FNF. Stephens raised 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. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

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.