American Century Companies Inc. Boosts Stock Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• American Century Companies Inc. increased its stake in Fidelity National Financial, Inc. by 33.1% during the first quarter, acquiring an additional 115,231 shares, bringing their total to 463,351 shares valued at approximately $30.15 million.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00, while the stock currently holds an average rating of "Moderate Buy" with a consensus target price of $71.20.
• The company recently announced a quarterly dividend of $0.50 per share, representing an annualized yield of 3.4% and a payout ratio of 50.76%.

American Century Companies Inc. increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,351 shares of the financial services provider's stock after buying an additional 115,231 shares during the quarter. American Century Companies Inc. owned 0.17% of Fidelity National Financial worth $30,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ethic Inc. grew its stake in Fidelity National Financial by 26.9% during the 1st quarter. Ethic Inc. now owns 38,420 shares of the financial services provider's stock worth $2,533,000 after buying an additional 8,133 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Fidelity National Financial by 146.6% during the first quarter. Aberdeen Group plc now owns 139,479 shares of the financial services provider's stock valued at $9,077,000 after buying an additional 82,923 shares during the last quarter. Legal Advantage Investments Inc. grew its holdings in shares of Fidelity National Financial by 5.8% during the first quarter. Legal Advantage Investments Inc. now owns 31,880 shares of the financial services provider's stock valued at $2,075,000 after buying an additional 1,750 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Fidelity National Financial by 4.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,011 shares of the financial services provider's stock valued at $652,000 after buying an additional 382 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Fidelity National Financial by 6.8% during the first quarter. Russell Investments Group Ltd. now owns 102,309 shares of the financial services provider's stock valued at $6,658,000 after buying an additional 6,486 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.37 during trading hours on Monday, reaching $60.45. The stock had a trading volume of 547,066 shares, compared to its average volume of 1,576,574. The stock's 50 day moving average is $56.61 and its 200 day moving average is $58.91. The firm has a market capitalization of $16.43 billion, a PE ratio of 15.34 and a beta of 1.02. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the company earned $1.24 EPS. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's payout ratio is 50.76%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

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.