Deutsche Bank AG Boosts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Deutsche Bank AG increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 447,841 shares of the financial services provider's stock after buying an additional 91,945 shares during the period. Deutsche Bank AG owned about 0.16% of Fidelity National Financial worth $25,142,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Fidelity National Financial during the 4th quarter worth approximately $158,386,000. Invesco Ltd. raised its holdings in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after purchasing an additional 764,958 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC raised its holdings in Fidelity National Financial by 135.8% during the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Fidelity National Financial during the 4th quarter worth approximately $33,103,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 1.1%

NYSE FNF traded up $0.66 during mid-day trading on Friday, hitting $58.24. The company's stock had a trading volume of 1,108,864 shares, compared to its average volume of 1,134,717. The company's 50 day simple moving average is $62.21 and its 200 day simple moving average is $60.28. 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 $16.00 billion, a price-to-earnings ratio of 12.53 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $0.91 EPS. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. Analysts anticipate 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 will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is 49.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNF. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial has an average 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.