Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,800 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fidelity National Financial were worth $4,738,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock worth $1,518,829,000 after buying an additional 150,493 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after buying an additional 34,634 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Fidelity National Financial by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider’s stock worth $190,060,000 after buying an additional 16,095 shares in the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Finally, Northern Trust Corp grew its position in shares of Fidelity National Financial by 19.9% during the fourth quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider’s stock worth $141,208,000 after buying an additional 418,234 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $52.82 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The firm’s 50-day simple moving average is $56.10 and its 200 day simple moving average is $58.85. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.51 billion, a P/E ratio of 13.07 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. Fidelity National Financial’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial’s payout ratio is currently 49.50%.

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.