Barclays PLC Raises Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Barclays PLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 53.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,864 shares of the financial services provider's stock after acquiring an additional 116,109 shares during the period. Barclays PLC owned about 0.12% of Fidelity National Financial worth $18,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock worth $1,518,829,000 after buying an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock worth $472,300,000 after acquiring an additional 387,729 shares during the period. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after purchasing an additional 34,634 shares during the last quarter. Finally, Norges Bank purchased a new stake in Fidelity National Financial during the fourth quarter worth $158,386,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FNF shares. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Down 0.7 %

NYSE FNF traded down $0.47 during mid-day trading on Friday, reaching $62.75. 220,537 shares of the stock were exchanged, compared to its average volume of 1,112,792. The stock has a market capitalization of $17.25 billion, a PE ratio of 13.49 and a beta of 1.09. 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 1-year low of $47.79 and a 1-year high of $66.72. The business's fifty day simple moving average is $62.28 and its 200 day simple moving average is $60.23.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter last year, the firm earned $0.75 earnings per share. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. Fidelity National Financial's payout ratio is currently 43.01%.

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.