Los Angeles Capital Management LLC Purchases 25,348 Shares of Fidelity National Financial, Inc. $FNF

Los Angeles Capital Management LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 182.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,242 shares of the financial services provider’s stock after acquiring an additional 25,348 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Fidelity National Financial were worth $2,163,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Canton Hathaway LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 353 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $58,000. Finally, Torren Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $57,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $47.69 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $12.84 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The business has a 50 day simple moving average of $48.52 and a 200 day simple moving average of $51.97.

Fidelity National Financial (NYSE:FNF) last posted its 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). The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.4%. Fidelity National Financial’s payout ratio is presently 75.91%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNF. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research report on Monday, May 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens cut their target price 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 downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods cut their target price 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, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Company 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.