Farther Finance Advisors LLC Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Farther Finance Advisors LLC boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 81.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,833 shares of the financial services provider’s stock after acquiring an additional 2,615 shares during the period. Farther Finance Advisors LLC’s holdings in Fidelity National Financial were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock valued at $1,518,829,000 after purchasing an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after buying an additional 387,729 shares during the period. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock worth $454,351,000 after buying an additional 98,751 shares in the last quarter. Geode Capital Management LLC boosted its position in Fidelity National Financial by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock valued at $252,037,000 after buying an additional 34,634 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Financial by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider’s stock worth $190,060,000 after acquiring an additional 16,095 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of recent research reports. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Finally, Barclays raised their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Fidelity National Financial Stock Down 0.9%

FNF opened at $54.78 on Tuesday. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The firm has a market cap of $15.05 billion, a P/E ratio of 11.78 and a beta of 1.02. The business’s fifty day simple moving average is $58.59 and its 200 day simple moving average is $59.36. 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 (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial’s 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.