OMERS ADMINISTRATION Corp Purchases 1,823 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

OMERS ADMINISTRATION Corp increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,767 shares of the financial services provider’s stock after acquiring an additional 1,823 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Fidelity National Financial were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $158,386,000. Invesco Ltd. boosted its position in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after buying an additional 764,958 shares during the period. Hsbc Holdings PLC grew its holdings in Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock worth $80,689,000 after acquiring an additional 715,070 shares during the last quarter. AQR Capital Management LLC increased its position in Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock valued at $65,543,000 after acquiring an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity National Financial during the fourth quarter valued at $33,103,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

FNF has been the topic of several analyst reports. Stephens boosted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays raised their price objective on 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, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Two 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, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Trading Up 1.1%

Shares of FNF stock opened at $58.24 on Monday. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $60.28. The company has a market cap of $16.00 billion, a P/E ratio of 12.53 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business’s revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.50%.

Fidelity National Financial Profile

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.