Farringdon Capital Ltd. Purchases New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Farringdon Capital Ltd. purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,958 shares of the financial services provider's stock, valued at approximately $615,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its stake in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $52,000. UMB Bank n.a. increased its holdings in shares of Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after buying an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Stephens boosted 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. Barclays raised their target price on 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. Finally, StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Up 2.9 %

Shares of FNF traded up $1.74 during mid-day trading on Tuesday, hitting $61.31. 212,827 shares of the company's stock were exchanged, compared to its average volume of 1,371,422. 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, Inc. has a twelve month low of $47.78 and a twelve month high of $66.72. The firm has a fifty day moving average of $62.01 and a two-hundred day moving average of $60.19. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 13.18 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.75 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

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.