GAMMA Investing LLC Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

GAMMA Investing LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8,302.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 626,655 shares of the financial services provider's stock after purchasing an additional 619,197 shares during the period. GAMMA Investing LLC owned about 0.23% of Fidelity National Financial worth $40,783,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust grew its holdings in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $37,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth approximately $44,000. Finally, Colonial Trust Co SC boosted its stake in shares of Fidelity National Financial by 130.1% in the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after acquiring an additional 450 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FNF. Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Up 1.3%

NYSE FNF traded up $0.70 on Friday, reaching $54.71. 992,409 shares of the company were exchanged, compared to its average volume of 1,169,812. The business's fifty day moving average price is $59.26 and its 200 day moving average price is $59.70. The stock has a market capitalization of $15.03 billion, a P/E ratio of 11.77 and a beta of 1.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business's quarterly revenue was down 17.3% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. Fidelity National Financial's dividend payout ratio is currently 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.