Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 403.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,067 shares of the financial services provider's stock after buying an additional 20,089 shares during the period. Tower Research Capital LLC TRC's holdings in Fidelity National Financial were worth $1,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Norges Bank purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Invesco Ltd. grew 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 acquiring an additional 764,958 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $33,103,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at $32,670,000. Finally, National Pension Service lifted its position in shares of Fidelity National Financial by 648.5% during 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 during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $0.03 during trading on Tuesday, reaching $63.16. The company had a trading volume of 127,411 shares, compared to its average volume of 1,108,528. 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 stock has a market capitalization of $17.37 billion, a PE ratio of 13.58 and a beta of 1.09. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The stock has a 50-day moving average price of $62.46 and a two-hundred day moving average price of $60.28.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

Analyst Ratings Changes

FNF has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded 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. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays raised 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 report on Monday, February 24th. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

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.