Cambridge Investment Research Advisors Inc. Buys 3,510 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cambridge Investment Research Advisors Inc. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 85,118 shares of the financial services provider’s stock after acquiring an additional 3,510 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity National Financial were worth $5,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Kaizen Financial Strategies lifted its holdings in shares of Fidelity National Financial by 4.8% in the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 188 shares during the last quarter. My Legacy Advisors LLC lifted its holdings in shares of Fidelity National Financial by 2.3% in the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 197 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 209 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares during the last quarter. Finally, Prosperitas Financial LLC lifted its holdings in shares of Fidelity National Financial by 5.4% in the 4th quarter. Prosperitas Financial LLC now owns 4,997 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 256 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Up 0.4%

NYSE:FNF opened at $56.58 on Friday. The company has a fifty day moving average of $57.49 and a 200 day moving average of $58.97. Fidelity National Financial, Inc. has a 52 week low of $47.92 and a 52 week high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $15.54 billion, a P/E ratio of 14.00 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, research analysts predict 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 Friday, June 13th. Shareholders of record on Monday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Monday, June 16th. Fidelity National Financial’s payout ratio is currently 49.50%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Company 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.