SG Americas Securities LLC Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

SG Americas Securities LLC grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 208.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,018 shares of the financial services provider's stock after purchasing an additional 42,583 shares during the quarter. SG Americas Securities LLC's holdings in Fidelity National Financial were worth $4,101,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FNF. Savant Capital LLC boosted its stake in shares of Fidelity National Financial by 6.0% during the fourth quarter. Savant Capital LLC now owns 14,535 shares of the financial services provider's stock valued at $816,000 after purchasing an additional 825 shares during the period. Essex Financial Services Inc. boosted its stake in shares of Fidelity National Financial by 5.3% during the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 211 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Fidelity National Financial by 63.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,912 shares of the financial services provider's stock valued at $1,787,000 after purchasing an additional 12,414 shares during the period. Life Planning Partners Inc boosted its stake in shares of Fidelity National Financial by 5,166.6% during the fourth quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider's stock valued at $10,511,000 after purchasing an additional 183,672 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Fidelity National Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 94,400 shares of the financial services provider's stock valued at $5,317,000 after purchasing an additional 6,623 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 1.6%

Shares of FNF traded down $0.90 during mid-day trading on Tuesday, hitting $53.92. 2,805,708 shares of the company traded hands, compared to its average volume of 1,186,311. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.81 billion, a PE ratio of 13.35 and a beta of 1.03. The business has a 50 day moving average of $58.45 and a 200 day moving average of $59.32.

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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $0.91 EPS. The business's revenue was down 17.3% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.71%. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Stephens boosted 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 note on Monday, February 24th. Barclays upped their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Fidelity National Financial presently has a consensus 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.