Fidelity National Financial, Inc. $FNF Shares Acquired by National Pension Service

National Pension Service grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,744 shares of the financial services provider’s stock after acquiring an additional 16,326 shares during the quarter. National Pension Service’s holdings in Fidelity National Financial were worth $5,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Moors & Cabot Inc. increased its stake in shares of Fidelity National Financial by 1.0% in the 4th quarter. Moors & Cabot Inc. now owns 52,762 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 510 shares during the last quarter. Intech Investment Management LLC grew its position in Fidelity National Financial by 38.2% in the fourth quarter. Intech Investment Management LLC now owns 26,541 shares of the financial services provider’s stock worth $1,449,000 after acquiring an additional 7,340 shares during the period. Baker Avenue Asset Management LP purchased a new position in Fidelity National Financial in the fourth quarter worth approximately $204,000. Geode Capital Management LLC grew its position in Fidelity National Financial by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,777,274 shares of the financial services provider’s stock worth $260,060,000 after acquiring an additional 47,639 shares during the period. Finally, Employees Retirement System of Texas grew its position in Fidelity National Financial by 44.7% in the fourth quarter. Employees Retirement System of Texas now owns 2,733 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 844 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FNF shares. Stephens lowered their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Barclays lowered their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $56.25.

Fidelity National Financial Trading Down 1.8%

FNF opened at $46.49 on Tuesday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The business has a fifty day simple moving average of $48.29 and a 200-day simple moving average of $52.44. The firm has a market cap of $12.51 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.69 and a beta of 1.00. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

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.