Scientech Research LLC Buys Shares of 14,668 Fidelity National Financial, Inc. $FNF

Scientech Research LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,668 shares of the financial services provider's stock, valued at approximately $955,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. BNP Paribas Financial Markets raised its position in Fidelity National Financial by 8.4% in the fourth quarter. BNP Paribas Financial Markets now owns 159,509 shares of the financial services provider's stock valued at $8,955,000 after purchasing an additional 12,368 shares during the period. Captrust Financial Advisors raised its position in Fidelity National Financial by 13.4% in the fourth quarter. Captrust Financial Advisors now owns 17,975 shares of the financial services provider's stock valued at $1,009,000 after purchasing an additional 2,124 shares during the period. Cetera Investment Advisers raised its position in Fidelity National Financial by 5.7% in the fourth quarter. Cetera Investment Advisers now owns 49,866 shares of the financial services provider's stock valued at $2,799,000 after purchasing an additional 2,688 shares during the period. Deutsche Bank AG raised its position in Fidelity National Financial by 25.8% in the fourth quarter. Deutsche Bank AG now owns 447,841 shares of the financial services provider's stock valued at $25,142,000 after purchasing an additional 91,945 shares during the period. Finally, Focus Partners Wealth raised its position in Fidelity National Financial by 2.8% in the fourth quarter. Focus Partners Wealth now owns 117,797 shares of the financial services provider's stock valued at $6,613,000 after purchasing an additional 3,253 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.2%

Fidelity National Financial stock opened at $60.52 on Monday. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The stock's fifty day simple moving average is $57.58 and its 200-day simple moving average is $59.07. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $16.44 billion, a P/E ratio of 15.36 and a beta of 1.05.

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

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial's dividend payout ratio is currently 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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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