Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764,586 shares of the financial services provider's stock after purchasing an additional 77,951 shares during the quarter. First Trust Advisors LP owned about 0.28% of Fidelity National Financial worth $42,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Forum Financial Management LP increased its stake in Fidelity National Financial by 5.3% in the fourth quarter. Forum Financial Management LP now owns 7,399 shares of the financial services provider's stock valued at $415,000 after purchasing an additional 375 shares in the last quarter. Farringdon Capital Ltd. purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $615,000. Jump Financial LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth $284,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at about $12,165,000. Finally, Mariner LLC boosted its stake in shares of Fidelity National Financial by 6.1% in the 4th quarter. Mariner LLC now owns 28,004 shares of the financial services provider's stock valued at $1,572,000 after purchasing an additional 1,615 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Price Performance

FNF stock traded up $0.11 during trading on Tuesday, hitting $63.24. 102,247 shares of the company's stock traded hands, compared to its average volume of 1,108,442. 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, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The business has a fifty day simple moving average of $62.46 and a 200 day simple moving average of $60.28. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 13.61 and a beta of 1.09.

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

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Wall Street Analyst Weigh In

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