AE Wealth Management LLC Buys 10,622 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

AE Wealth Management LLC increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,972 shares of the financial services provider's stock after acquiring an additional 10,622 shares during the period. AE Wealth Management LLC owned about 0.07% of Fidelity National Financial worth $12,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $29,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the 1st quarter valued at about $32,000. Synergy Investment Management LLC purchased a new position in Fidelity National Financial in the first quarter worth about $36,000. Olde Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the first quarter worth approximately $40,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $44,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 1.7%

FNF stock traded up $0.92 during trading hours on Thursday, hitting $56.47. The company's stock had a trading volume of 3,181,268 shares, compared to its average volume of 2,677,753. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a 50 day moving average price of $55.11 and a two-hundred day moving average price of $58.72. The company has a market capitalization of $15.51 billion, a PE ratio of 13.98 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company's revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.54%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Analysts Set New Price Targets

FNF has been the topic of several recent research reports. Barclays decreased their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. 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 research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.20.

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.