Nuveen LLC Buys New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Nuveen LLC has purchased 2,741,753 shares of Fidelity National Financial, valued at approximately $178.4 million, during the first quarter, now owning 1.00% of the company.
• Barclays has decreased its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating on the stock.
• Fidelity National Financial reported earnings of $1.16 per share, missing estimates, with a quarterly revenue of $3.64 billion and a net margin of 7.93%.

Nuveen LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,741,753 shares of the financial services provider's stock, valued at approximately $178,433,000. Nuveen LLC owned 1.00% of Fidelity National Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Analysts LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth $29,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth $32,000. Synergy Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth $36,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth $40,000. Institutional investors own 81.17% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Price Performance

FNF opened at $58.52 on Tuesday. The firm has a market cap of $15.90 billion, a P/E ratio of 14.85 and a beta of 1.02. The firm has a 50-day moving average of $55.72 and a 200 day moving average of $58.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Fidelity National Financial's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.4%. Fidelity National Financial's dividend payout ratio is 50.76%.

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.

Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.