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

Cerity Partners LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,162 shares of the financial services provider's stock after purchasing an additional 4,666 shares during the quarter. Cerity Partners LLC's holdings in Fidelity National Financial were worth $2,117,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FNF. Norges Bank purchased a new position in Fidelity National Financial during the 4th quarter worth $158,386,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $33,103,000. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $32,670,000. National Pension Service boosted its stake in Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after purchasing an additional 430,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock worth $472,300,000 after purchasing an additional 387,729 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $2.24 during trading hours on Monday, reaching $59.57. The stock had a trading volume of 1,317,466 shares, compared to its average volume of 1,114,066. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16.38 billion, a PE ratio of 12.81 and a beta of 1.09. The stock's 50 day moving average is $62.01 and its 200 day moving average is $60.19.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the company earned $0.75 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Analysts Set New Price Targets

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

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.