Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 103,615 shares of the financial services provider’s stock after purchasing an additional 505 shares during the quarter. Stifel Financial Corp’s holdings in Fidelity National Financial were worth $5,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $52,000. UMB Bank n.a. boosted its holdings in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 223 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

NYSE FNF opened at $63.84 on Wednesday. The company has a 50-day moving average price of $62.58 and a two-hundred day moving average price of $60.30. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 13.73 and a beta of 1.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during 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 period in the prior year, the company posted $0.75 EPS. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.13%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

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