Jump Financial LLC Purchases New Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Jump Financial LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,057 shares of the financial services provider's stock, valued at approximately $284,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased 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 buying an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after purchasing an additional 387,729 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Financial by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fidelity National Financial by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after buying an additional 34,634 shares in the last quarter. Finally, Norges Bank bought a new position in Fidelity National Financial in the 4th quarter valued at $158,386,000. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FNF. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Up 1.9 %

FNF traded up $1.21 during trading hours on Friday, hitting $64.65. 243,054 shares of the company's stock were exchanged, compared to its average volume of 1,355,008. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 13.90 and a beta of 1.09. Fidelity National Financial, Inc. has a 1-year low of $47.78 and a 1-year high of $66.72. The stock's 50-day moving average is $62.75 and its two-hundred day moving average is $60.35. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company posted $0.75 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.09%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

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.