Pinebridge Investments L.P. Boosts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Pinebridge Investments L.P. boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,743 shares of the financial services provider's stock after purchasing an additional 16,975 shares during the quarter. Pinebridge Investments L.P.'s holdings in Fidelity National Financial were worth $3,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chesley Taft & Associates LLC grew its stake in shares of Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock worth $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Fidelity National Financial by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock valued at $4,053,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after purchasing an additional 209 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Fidelity National Financial by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock worth $236,000 after acquiring an additional 211 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after buying an additional 223 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Trading Down 0.5 %

Fidelity National Financial stock traded down $0.32 during midday trading on Thursday, reaching $63.74. The stock had a trading volume of 288,311 shares, compared to its average volume of 1,113,292. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $66.72. The company has a fifty day moving average of $62.67 and a 200 day moving average of $60.33. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 13.71 and a beta of 1.09. 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 (NYSE:FNF - Get Free Report) last released 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. 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 for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $0.75 EPS. On average, 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 firm 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 of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.14%. Fidelity National Financial's dividend payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FNF. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. 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. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Barclays upped their price target on shares of 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.60.

About Fidelity National Financial

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.