Ritholtz Wealth Management Buys Shares of 5,091 Fidelity National Financial, Inc. (NYSE:FNF)

Ritholtz Wealth Management acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,091 shares of the financial services provider's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $29,000. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its position in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $37,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $44,000. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of analyst reports. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded up $0.11 during trading on Tuesday, reaching $56.05. 2,758,422 shares of the stock were exchanged, compared to its average volume of 1,207,352. The firm has a market cap of $15.39 billion, a PE ratio of 13.87 and a beta of 1.03. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The stock has a 50-day moving average price of $57.95 and a 200-day moving average price of $59.08.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business's quarterly revenue was down 17.3% compared to the same quarter last year. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

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.