Fidelity National Financial, Inc. $FNF Position Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,102,523 shares of the financial services provider’s stock after acquiring an additional 54,756 shares during the period. First Eagle Investment Management LLC’s holdings in Fidelity National Financial were worth $333,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Windacre Partnership LLC boosted its holdings in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Fidelity National Financial by 167.8% in the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after acquiring an additional 2,970,460 shares during the period. AQR Capital Management LLC increased its holdings in shares of Fidelity National Financial by 75.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Fidelity National Financial in the 4th quarter worth about $36,362,000. Finally, Cooke & Bieler LP increased its holdings in shares of Fidelity National Financial by 12.3% in the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after acquiring an additional 574,189 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Down 4.5%

Shares of FNF stock opened at $48.31 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 44.42. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The stock has a fifty day moving average of $48.51 and a two-hundred day moving average of $53.28. The firm has a market capitalization of $13.00 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 16.15% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Financial, Inc. will post 5.77 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s payout ratio is currently 75.91%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. National Bank Financial set a $50.00 price target on Fidelity National Financial in a research report on Monday. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.