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Fidelity National Financial, Inc. (NYSE:FNF) Stock Holdings Boosted by Millennium Management LLC

Fidelity National Financial logo with Finance background

Millennium Management LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,946,962 shares of the financial services provider's stock after acquiring an additional 568,013 shares during the quarter. Millennium Management LLC owned 0.71% of Fidelity National Financial worth $109,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $29,000. Parkside Financial Bank & Trust increased its position 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 worth $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $37,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $44,000. Finally, Colonial Trust Co SC increased its position in shares of Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after acquiring an additional 450 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF stock traded up $0.66 during midday trading on Friday, reaching $58.24. The company had a trading volume of 1,108,864 shares, compared to its average volume of 1,135,552. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $62.21 and a 200 day moving average price of $60.29. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The firm has a market capitalization of $16.00 billion, a PE ratio of 12.53 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 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 quarter in the prior year, the business earned $0.91 earnings per share. The firm's revenue 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.43%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of analyst reports. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Barclays boosted their price objective 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, Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.60.

Check Out Our Latest Research Report on Fidelity National Financial

About Fidelity National Financial

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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