Mirae Asset Global Investments Co. Ltd. Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,714 shares of the financial services provider's stock after purchasing an additional 20,694 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Fidelity National Financial worth $13,896,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its position in shares of Fidelity National Financial by 19.5% in the first quarter. Illinois Municipal Retirement Fund now owns 190,407 shares of the financial services provider's stock worth $12,392,000 after buying an additional 31,091 shares during the period. Lecap Asset Management Ltd. lifted its position in Fidelity National Financial by 63.3% during the 1st quarter. Lecap Asset Management Ltd. now owns 39,402 shares of the financial services provider's stock worth $2,564,000 after acquiring an additional 15,273 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after acquiring an additional 2,807 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in Fidelity National Financial by 17.3% in the 1st quarter. GHP Investment Advisors Inc. now owns 57,780 shares of the financial services provider's stock worth $3,760,000 after acquiring an additional 8,515 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Fidelity National Financial by 5.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after acquiring an additional 1,267 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

FNF stock opened at $56.58 on Monday. The stock's 50 day moving average is $57.49 and its two-hundred day moving average is $58.96. Fidelity National Financial, Inc. has a 52-week low of $47.92 and a 52-week high of $66.72. The company has a market capitalization of $15.54 billion, a PE ratio of 14.00 and a beta of 1.03. 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 released its quarterly 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 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 14.88% and a net margin of 8.43%. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's payout ratio is currently 49.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on FNF shares. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus price target of $71.60.

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.

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