Victory Capital Management Inc. Raises Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Victory Capital Management Inc. raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,214,280 shares of the financial services provider's stock after acquiring an additional 121,096 shares during the quarter. Fidelity National Financial makes up 0.5% of Victory Capital Management Inc.'s holdings, making the stock its 17th largest holding. Victory Capital Management Inc. owned about 2.99% of Fidelity National Financial worth $534,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peddock Capital Advisors LLC grew its holdings in shares of Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after purchasing an additional 178 shares during the last quarter. Kaizen Financial Strategies boosted its position in Fidelity National Financial by 4.8% in the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after buying an additional 188 shares during the period. My Legacy Advisors LLC grew its stake in Fidelity National Financial by 2.3% in the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider's stock worth $567,000 after acquiring an additional 197 shares in the last quarter. Private Trust Co. NA grew its stake in Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after acquiring an additional 206 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Fidelity National Financial by 0.6% during the first quarter. Xponance Inc. now owns 45,893 shares of the financial services provider's stock worth $2,987,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FNF shares. Barclays lowered their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Up 2.0%

NYSE FNF traded up $1.09 during trading on Thursday, hitting $54.39. The company's stock had a trading volume of 747,688 shares, compared to its average volume of 1,305,174. The business's 50 day simple moving average is $55.41 and its 200-day simple moving average is $58.76. The company has a market cap of $14.94 billion, a PE ratio of 13.46 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business's revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

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.