Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 39.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,647 shares of the financial services provider’s stock after buying an additional 14,485 shares during the period. Cerity Partners LLC’s holdings in Fidelity National Financial were worth $3,361,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock worth $1,518,829,000 after acquiring an additional 150,493 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after purchasing an additional 34,634 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $190,060,000 after purchasing an additional 16,095 shares during the period. Norges Bank purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $158,386,000. Finally, Northern Trust Corp increased its stake in Fidelity National Financial by 19.9% in the fourth quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider’s stock valued at $141,208,000 after purchasing an additional 418,234 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $54.99 on Friday. The business’s fifty day moving average price is $55.25 and its 200 day moving average price is $58.74. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.10 billion, a P/E ratio of 13.61 and a beta of 1.02.

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 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.64%. Fidelity National Financial’s dividend payout ratio (DPR) is 49.50%.

Analysts Set New Price Targets

A number of analysts have issued reports 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 on the stock in a research note on Tuesday, April 8th. Barclays cut their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

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.