EP Wealth Advisors LLC Acquires 952 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

EP Wealth Advisors LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,990 shares of the financial services provider’s stock after purchasing an additional 952 shares during the period. EP Wealth Advisors LLC’s holdings in Fidelity National Financial were worth $2,020,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital Analysts LLC bought a new stake in Fidelity National Financial in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of 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 valued at $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth approximately $37,000. Kapitalo Investimentos Ltda purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $44,000. Finally, Colonial Trust Co SC lifted its position in Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNF. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. 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 report on Tuesday, April 8th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Stock Down 3.2 %

FNF stock opened at $57.83 on Friday. The business’s 50-day moving average price is $62.72 and its 200-day moving average price is $60.38. The stock has a market cap of $15.88 billion, a P/E ratio of 12.44 and a beta of 1.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 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.