Vanguard Group Inc. Buys 120,595 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Vanguard Group Inc. increased its holdings in Fidelity National Financial, Inc. by 0.4%, acquiring an additional 120,595 shares and owning approximately 9.89% of the company, valued at about $1.77 billion.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating, while the stock currently holds a consensus rating of "Moderate Buy".
• Fidelity National Financial announced a quarterly dividend of $0.50, representing a 3.4% yield, with a payout ratio of 49.50% set for payment on September 30th.

Vanguard Group Inc. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,174,914 shares of the financial services provider's stock after purchasing an additional 120,595 shares during the quarter. Vanguard Group Inc. owned 9.89% of Fidelity National Financial worth $1,768,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after buying an additional 208 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $40,000. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 2.5%

FNF stock traded up $1.47 during mid-day trading on Tuesday, hitting $59.95. 1,433,167 shares of the company were exchanged, compared to its average volume of 1,841,947. The firm's 50 day simple moving average is $55.82 and its 200 day simple moving average is $58.82. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The firm has a market cap of $16.29 billion, a P/E ratio of 15.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Fidelity National Financial Company 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.