MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys Shares of 1,110 Fidelity National Financial, Inc. (NYSE:FNF)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,110 shares of the financial services provider’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after acquiring an additional 9,146 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Fidelity National Financial by 4.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,742 shares of the financial services provider’s stock worth $1,726,000 after acquiring an additional 1,199 shares in the last quarter. Blue Trust Inc. raised its position in shares of Fidelity National Financial by 33.7% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 438 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Fidelity National Financial by 0.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 74,015 shares of the financial services provider’s stock worth $4,155,000 after acquiring an additional 579 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Fidelity National Financial by 9.3% in the 4th quarter. Richardson Financial Services Inc. now owns 2,815 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 240 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on FNF shares. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research report on Tuesday, April 8th. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens boosted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Stock Down 0.5%

Shares of FNF stock opened at $54.47 on Tuesday. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The stock’s fifty day moving average price is $60.13 and its 200 day moving average price is $59.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 11.71 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF) last announced its 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). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 49.50%.

About Fidelity National Financial

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.