Exchange Traded Concepts LLC Raises Position in Fidelity National Financial, Inc. (NYSE:FNF)

Exchange Traded Concepts LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7,740.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,504 shares of the financial services provider's stock after acquiring an additional 14,319 shares during the period. Exchange Traded Concepts LLC's holdings in Fidelity National Financial were worth $944,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC grew its stake in Fidelity National Financial by 109.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after buying an additional 6,405 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Fidelity National Financial by 81.3% in the first quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider's stock valued at $385,000 after acquiring an additional 2,615 shares during the period. Fifth Third Bancorp boosted its holdings in Fidelity National Financial by 19.2% in the 1st quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 610 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Fidelity National Financial by 5.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock valued at $1,052,000 after buying an additional 970 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 2.6%

Fidelity National Financial stock traded up $1.44 during midday trading on Monday, reaching $55.95. The stock had a trading volume of 2,270,257 shares, compared to its average volume of 1,201,004. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The company has a market capitalization of $15.37 billion, a P/E ratio of 13.85 and a beta of 1.03. The company has a fifty day moving average price of $58.08 and a two-hundred day moving average price of $59.12. The company has a current ratio of 0.25, a quick 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, 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business posted $0.91 EPS. Fidelity National Financial's revenue was down 17.3% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FNF shares. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note 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 target for the company in a report on Tuesday, April 8th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Barclays increased their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

About Fidelity National Financial

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.