Brooklyn Investment Group Acquires 347 Shares of Fidelity National Financial, Inc. $FNF

Brooklyn Investment Group lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 63.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 898 shares of the financial services provider’s stock after buying an additional 347 shares during the period. Brooklyn Investment Group’s holdings in Fidelity National Financial were worth $58,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FNF. Mariner LLC raised its holdings in shares of Fidelity National Financial by 6.1% in the fourth quarter. Mariner LLC now owns 28,004 shares of the financial services provider’s stock valued at $1,572,000 after acquiring an additional 1,615 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $284,000. MML Investors Services LLC grew its stake in shares of Fidelity National Financial by 6.1% during the fourth quarter. MML Investors Services LLC now owns 67,569 shares of the financial services provider’s stock worth $3,793,000 after acquiring an additional 3,912 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Fidelity National Financial by 0.5% during the fourth quarter. Stifel Financial Corp now owns 103,615 shares of the financial services provider’s stock worth $5,817,000 after acquiring an additional 505 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Fidelity National Financial by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 56,743 shares of the financial services provider’s stock worth $3,186,000 after purchasing an additional 16,975 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays decreased their target price on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.20.

Fidelity National Financial Stock Up 2.4%

Shares of FNF opened at $60.8050 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 15.43 and a beta of 1.02. The stock has a 50 day moving average price of $56.61 and a 200 day moving average price of $58.90.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

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.