Illinois Municipal Retirement Fund Has $12.39 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Illinois Municipal Retirement Fund increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,407 shares of the financial services provider's stock after buying an additional 31,091 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Fidelity National Financial worth $12,392,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FNF. Norges Bank acquired a new stake in Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Invesco Ltd. grew its position in Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after buying an additional 764,958 shares in the last quarter. Hsbc Holdings PLC grew its position in Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after buying an additional 715,070 shares in the last quarter. AQR Capital Management LLC grew its position in Fidelity National Financial by 135.8% during the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after buying an additional 672,323 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Fidelity National Financial by 8,302.5% during the first quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after buying an additional 619,197 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $0.25 during trading hours on Friday, reaching $56.58. The company's stock had a trading volume of 2,957,810 shares, compared to its average volume of 1,220,337. The firm's 50 day simple moving average is $57.49 and its 200-day simple moving average is $58.96. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 14.00 and a beta of 1.02. Fidelity National Financial, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

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 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 net margin of 8.43% and a return on equity of 14.88%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Sell-side analysts forecast 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 was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FNF shares. Wall Street Zen downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

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.