PNC Financial Services Group Inc. Boosts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

PNC Financial Services Group Inc. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,964 shares of the financial services provider's stock after purchasing an additional 18,057 shares during the quarter. PNC Financial Services Group Inc. owned 0.16% of Fidelity National Financial worth $28,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Fidelity National Financial by 421.4% in the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider's stock worth $1,977,000 after buying an additional 28,468 shares during the period. Huntington National Bank increased its holdings in shares of Fidelity National Financial by 88.3% in the fourth quarter. Huntington National Bank now owns 2,311 shares of the financial services provider's stock worth $130,000 after buying an additional 1,084 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Fidelity National Financial by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 588,461 shares of the financial services provider's stock worth $33,036,000 after buying an additional 2,832 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $4,137,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $538,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $58.01 on Tuesday. The stock's 50 day simple moving average is $55.32 and its two-hundred day simple moving average is $58.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 14.36 and a beta of 1.02. 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 data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business's revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, analysts expect 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 declared 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 dividend on an annualized basis and a dividend yield of 3.4%. 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 recently issued reports on the company. Barclays reduced their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average target price of $71.20.

About Fidelity National Financial

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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