PFG Investments LLC Makes New $2.94 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

PFG Investments LLC acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,207 shares of the financial services provider's stock, valued at approximately $2,942,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake 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 valued at $1,518,829,000 after purchasing an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 valued at $472,300,000 after buying an additional 387,729 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 98,751 shares during the last quarter. Geode Capital Management LLC grew its position in Fidelity National Financial by 0.8% in 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 acquiring an additional 34,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Fidelity National Financial by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock worth $190,060,000 after acquiring an additional 16,095 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.2%

Shares of FNF stock traded up $0.11 during mid-day trading on Tuesday, hitting $56.05. The stock had a trading volume of 2,758,422 shares, compared to its average volume of 1,207,352. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The firm's 50-day moving average is $57.95 and its two-hundred day moving average is $59.08. The firm has a market capitalization of $15.39 billion, a P/E ratio of 13.87 and a beta of 1.03.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the business posted $0.91 EPS. The company's revenue for the quarter was down 17.3% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is currently 49.50%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of recent research reports. Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods upgraded shares of 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.