Brevan Howard Capital Management LP Buys New Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Brevan Howard Capital Management LP acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,990 shares of the financial services provider's stock, valued at approximately $729,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Chesley Taft & Associates LLC lifted its position in Fidelity National Financial by 1.2% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock worth $937,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its position in Fidelity National Financial by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after acquiring an additional 200 shares during the period. Parkside Financial Bank & Trust lifted its position in Fidelity National Financial by 50.6% during 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 period. Essex Financial Services Inc. lifted its position in Fidelity National Financial by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock worth $236,000 after acquiring an additional 211 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Fidelity National Financial by 19.9% during 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 period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Price Performance

FNF stock traded down $0.18 during midday trading on Monday, hitting $57.69. 1,748,837 shares of the stock were exchanged, compared to its average volume of 1,132,755. The stock's 50-day moving average price is $62.72 and its 200-day moving average price is $60.38. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 12.41 and a beta of 1.14. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business's quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

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.