Cetera Investment Advisers Increases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Cetera Investment Advisers raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 26.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,872 shares of the financial services provider's stock after buying an additional 13,006 shares during the quarter. Cetera Investment Advisers' holdings in Fidelity National Financial were worth $4,092,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FNF. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the first quarter worth approximately $32,000. Capital Analysts LLC bought a new position in Fidelity National Financial in the fourth quarter worth $29,000. Synergy Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $36,000. Olde Wealth Management LLC acquired a new stake in Fidelity National Financial during the 1st quarter valued at $40,000. Finally, Private Trust Co. NA lifted its holdings in Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after buying an additional 206 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Separately, Barclays decreased their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Performance

Fidelity National Financial stock traded down $0.41 during midday trading on Thursday, reaching $57.77. The stock had a trading volume of 1,041,805 shares, compared to its average volume of 1,603,723. The firm's 50-day moving average price is $55.49 and its 200 day moving average price is $58.80. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm has a market capitalization of $15.86 billion, a PE ratio of 14.33 and a beta of 1.02. 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 (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

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.