Russell Investments Group Ltd. Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Russell Investments Group Ltd. grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,823 shares of the financial services provider's stock after purchasing an additional 42,868 shares during the quarter. Russell Investments Group Ltd.'s holdings in Fidelity National Financial were worth $5,379,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in Fidelity National Financial by 50.6% during the 4th 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 period. Kestra Investment Management LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth approximately $52,000. UMB Bank n.a. increased its holdings in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after purchasing an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Fidelity National Financial by 19.9% in the fourth 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 during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 0.4 %

FNF stock traded up $0.27 during mid-day trading on Friday, reaching $61.75. 5,166,755 shares of the company traded hands, compared to its average volume of 1,112,879. 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 firm's 50 day moving average price is $61.96 and its 200 day moving average price is $60.20. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 13.28 and a beta of 1.09. Fidelity National Financial, Inc. has a fifty-two week low of $47.53 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.75 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.24%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. 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 research note on Tuesday, April 8th. Finally, Barclays upped their target price 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.