Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,778,245 shares of the financial services provider's stock after buying an additional 247,821 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of Fidelity National Financial worth $99,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FNF. Capital Analysts LLC purchased a new stake in Fidelity National Financial in the fourth quarter worth $29,000. Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity National Financial in the 4th quarter worth about $37,000. Kapitalo Investimentos Ltda bought a new stake in Fidelity National Financial during the 4th quarter valued at about $44,000. Finally, Colonial Trust Co SC boosted its position in Fidelity National Financial by 130.1% in the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after buying an additional 450 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Down 1.4%

FNF stock traded down $0.77 during trading on Wednesday, hitting $53.61. 1,547,413 shares of the company's stock traded hands, compared to its average volume of 1,151,456. The business has a fifty day simple moving average of $60.95 and a two-hundred day simple moving average of $60.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $14.72 billion, a P/E ratio of 11.53 and a beta of 1.14. Fidelity National Financial, Inc. has a 1 year low of $47.79 and a 1 year high of $66.72.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNF. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised 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 report on Tuesday, April 8th. Finally, Barclays increased their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average price target of $71.60.

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.