BNP Paribas Financial Markets Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

BNP Paribas Financial Markets raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,509 shares of the financial services provider's stock after purchasing an additional 12,368 shares during the period. BNP Paribas Financial Markets owned 0.06% of Fidelity National Financial worth $8,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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 valued at $1,518,829,000 after buying an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Financial by 4.8% during 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 in the last quarter. Victory Capital Management Inc. increased its position in Fidelity National Financial by 1.2% during 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 during the period. Geode Capital Management LLC raised its holdings in shares of Fidelity National Financial by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock valued at $252,037,000 after purchasing an additional 34,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fidelity National Financial by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock worth $190,060,000 after purchasing an additional 16,095 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FNF shares. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a report on Tuesday, April 8th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays lifted 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. Finally, Stephens increased 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Performance

NYSE FNF traded up $0.70 on Thursday, reaching $57.54. 1,169,325 shares of the company's stock traded hands, compared to its average volume of 1,135,663. The stock has a 50 day moving average price of $62.37 and a 200-day moving average price of $60.32. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 12.37 and a beta of 1.14. 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 fifty-two week low of $47.79 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm earned $0.91 EPS. The business's quarterly revenue was down 17.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. Fidelity National Financial's payout ratio is 49.50%.

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.