Advisor Resource Council Buys New Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Advisor Resource Council acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,960 shares of the financial services provider's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNF. Norges Bank bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $158,386,000. Invesco Ltd. increased its holdings in shares of Fidelity National Financial by 53.3% in the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock valued at $123,490,000 after buying an additional 764,958 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock valued at $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock valued at $65,543,000 after acquiring an additional 672,323 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Fidelity National Financial by 8,302.5% during the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after acquiring an additional 619,197 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FNF shares. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.25 during trading on Friday, reaching $56.58. The company had a trading volume of 2,957,800 shares, compared to its average volume of 1,224,991. Fidelity National Financial, Inc. has a one year low of $47.92 and a one year 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 simple moving average is $57.60 and its two-hundred day simple moving average is $59.00. The company has a market capitalization of $15.54 billion, a PE ratio of 14.00 and a beta of 1.02.

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

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.53%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

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.