Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 39.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,647 shares of the financial services provider's stock after acquiring an additional 14,485 shares during the quarter. Cerity Partners LLC's holdings in Fidelity National Financial were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at approximately $32,000. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $29,000. Synergy Investment Management LLC purchased a new position in Fidelity National Financial during the first quarter valued at $36,000. Olde Wealth Management LLC purchased a new position in Fidelity National Financial during the first quarter valued at $40,000. Finally, Private Trust Co. NA raised its stake in Fidelity National Financial by 38.7% during the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after buying an additional 206 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Up 0.9%

FNF stock traded up $0.48 during midday trading on Friday, reaching $54.99. 6,913,610 shares of the company traded hands, compared to its average volume of 1,337,907. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 13.61 and a beta of 1.02. The business has a 50 day moving average of $55.25 and a 200-day moving average of $58.74. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

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 analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, sell-side 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 was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. Barclays cut their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

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.