Stephens Inc. AR grew its stake in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,244 shares of the financial services provider’s stock after buying an additional 13,110 shares during the period. Stephens Inc. AR owned 0.07% of Fidelity National Financial worth $10,713,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in FNF. Windacre Partnership LLC increased its stake in shares of Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares during the period. Alliancebernstein L.P. boosted its position in shares of Fidelity National Financial by 167.8% during the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after purchasing an additional 2,970,460 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Fidelity National Financial by 75.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $36,362,000. Finally, Cooke & Bieler LP boosted its position in shares of Fidelity National Financial by 12.3% during the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after purchasing an additional 574,189 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
Fidelity National Financial Stock Up 0.2%
Shares of Fidelity National Financial stock opened at $47.88 on Friday. The stock’s 50-day moving average is $48.21 and its 200 day moving average is $53.05. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.24. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 0.68 and a beta of 1.00.
Fidelity National Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is 75.91%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. National Bank Financial set a $50.00 target price on Fidelity National Financial in a research report on Monday, May 11th. Stephens cut their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, Barclays cut their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $56.25.
About Fidelity National Financial
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.
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