Sterling Investment Counsel LLC Has $686,000 Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Sterling Investment Counsel LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 155.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,535 shares of the financial services provider's stock after buying an additional 6,403 shares during the quarter. Sterling Investment Counsel LLC's holdings in Fidelity National Financial were worth $686,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Fidelity National Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock worth $1,518,829,000 after buying an additional 150,493 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after buying an additional 387,729 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock worth $454,351,000 after purchasing an additional 98,751 shares during the period. Geode Capital Management LLC raised its stake in shares of Fidelity National Financial by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after buying an additional 34,634 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Fidelity National Financial by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock worth $190,060,000 after acquiring an additional 16,095 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

FNF has been the subject of several recent research reports. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. 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 research note on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Price Performance

NYSE:FNF traded up $0.38 during midday trading on Friday, hitting $54.50. 3,256,477 shares of the stock were exchanged, compared to its average volume of 1,196,709. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $58.08 and a two-hundred day moving average price of $59.14. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 13.49 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business earned $0.91 EPS. The company's quarterly revenue was down 17.3% on a year-over-year basis. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Fidelity National Financial 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.