Fidelity National Financial, Inc. (NYSE:FNF) Position Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 270,415 shares of the financial services provider's stock after purchasing an additional 69,771 shares during the quarter. Mackenzie Financial Corp owned 0.10% of Fidelity National Financial worth $15,181,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in Fidelity National Financial by 19.9% in the fourth 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 period. Barclays PLC lifted its stake in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after acquiring an additional 9,146 shares during the period. Empowered Funds LLC lifted its stake in shares of Fidelity National Financial by 62.2% in the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after acquiring an additional 26,211 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings 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 acquiring an additional 970 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in shares of Fidelity National Financial by 20.1% during the fourth quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 717 shares during the period. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FNF. Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Barclays boosted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Fidelity National Financial has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Trading Up 0.6%

Shares of NYSE:FNF traded up $0.33 during midday trading on Friday, reaching $54.74. The company had a trading volume of 2,470,913 shares, compared to its average volume of 1,162,171. The company has a fifty day simple moving average of $60.33 and a two-hundred day simple moving average of $59.92. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.14. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm 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 earned $0.91 earnings per share. The business's quarterly revenue was down 17.3% compared to the same quarter last year. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

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.