TD Asset Management Inc Boosts Holdings in Fidelity National Financial, Inc. $FNF

TD Asset Management Inc lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 90,179 shares of the financial services provider’s stock after buying an additional 3,248 shares during the quarter. TD Asset Management Inc’s holdings in Fidelity National Financial were worth $5,055,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FNF. Nuveen LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at about $178,433,000. Millennium Management LLC boosted its holdings in shares of Fidelity National Financial by 93.3% during the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after acquiring an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 70.6% during the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock valued at $129,264,000 after acquiring an additional 824,562 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after acquiring an additional 588,113 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at about $25,037,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FNF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $69.83.

Fidelity National Financial Price Performance

NYSE FNF opened at $56.12 on Tuesday. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The firm has a market capitalization of $15.25 billion, a P/E ratio of 14.24 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $58.99 and a 200-day moving average price of $57.97.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The firm had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s payout ratio is 50.76%.

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.