Assetmark Inc. Buys 13,241 Shares of Fidelity National Financial, Inc. $FNF

Assetmark Inc. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 111,405 shares of the financial services provider’s stock after buying an additional 13,241 shares during the period. Assetmark Inc.’s holdings in Fidelity National Financial were worth $6,082,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Burney Co. boosted its holdings in shares of Fidelity National Financial by 2.7% during the 4th quarter. Burney Co. now owns 17,877 shares of the financial services provider’s stock worth $976,000 after buying an additional 471 shares during the period. Choreo LLC boosted its holdings in shares of Fidelity National Financial by 2.4% during the 4th quarter. Choreo LLC now owns 15,195 shares of the financial services provider’s stock worth $849,000 after buying an additional 362 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Fidelity National Financial by 1.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 654,956 shares of the financial services provider’s stock worth $35,754,000 after buying an additional 9,688 shares during the period. Ritholtz Wealth Management bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $222,000. Finally, Jackson Thornton Wealth Management LLC raised its stake in Fidelity National Financial by 23.3% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 6,456 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 3.3%

FNF opened at $49.73 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $65.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 0.62 and a beta of 1.01. The company’s 50 day moving average price is $49.53 and its two-hundred day moving average price is $53.87.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 97.65%.

Analysts Set New Price Targets

Several brokerages have weighed in on FNF. National Bank Financial set a $67.00 price objective on shares of Fidelity National Financial in a research note on Friday, April 10th. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Barclays dropped their price objective on shares of Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.67.

Fidelity National Financial Profile

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.