Aberdeen Group plc Increases Stock Position in Fidelity National Financial, Inc. $FNF

Key Points

• Aberdeen Group plc increased its stake in Fidelity National Financial, Inc. by 6.0%, now owning approximately 147,842 shares valued at $8.29 million.
• Analysts are generally positive about Fidelity National Financial, with a consensus rating of "Moderate Buy" and a price target of $69.83.
• Fidelity National Financial announced a quarterly dividend of $0.50, representing an annualized yield of 3.6%.

Aberdeen Group plc boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,842 shares of the financial services provider's stock after purchasing an additional 8,363 shares during the quarter. Aberdeen Group plc owned about 0.05% of Fidelity National Financial worth $8,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FNF. Oppenheimer & Co. Inc. raised its stake in shares of Fidelity National Financial by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after acquiring an additional 1,267 shares in the last quarter. Private Trust Co. NA boosted its holdings in Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 206 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after acquiring an additional 3,510 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after buying an additional 2,807 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Fidelity National Financial by 19.2% during the 1st quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider's stock valued at $247,000 after buying an additional 610 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FNF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Barclays reissued a "cautious" rating on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.83.

Fidelity National Financial Trading Down 1.9%

Shares of FNF opened at $55.06 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a 50 day simple moving average of $59.11 and a two-hundred day simple moving average of $58.18. The firm has a market cap of $14.96 billion, a P/E ratio of 13.97 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion during the quarter. On average, equities analysts expect 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 Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial's dividend payout ratio (DPR) is 50.76%.

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.

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