Wealth Enhancement Advisory Services LLC Acquires 7,887 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,633 shares of the financial services provider's stock after purchasing an additional 7,887 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fidelity National Financial were worth $1,832,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $276,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $63,000. Virtue Capital Management LLC lifted its holdings in shares of Fidelity National Financial by 4.9% in the fourth quarter. Virtue Capital Management LLC now owns 16,621 shares of the financial services provider's stock valued at $933,000 after purchasing an additional 779 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $2,135,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Fidelity National Financial by 34.8% in the fourth quarter. Mackenzie Financial Corp now owns 270,415 shares of the financial services provider's stock valued at $15,181,000 after purchasing an additional 69,771 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 1.3%

FNF stock traded up $0.70 during trading hours on Friday, hitting $54.71. The company's stock had a trading volume of 992,409 shares, compared to its average volume of 1,169,812. 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 company has a market capitalization of $15.03 billion, a PE ratio of 11.77 and a beta of 1.02. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The stock has a 50 day moving average price of $59.26 and a two-hundred day moving average price of $59.70.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business earned $0.91 earnings per share. Fidelity National Financial's quarterly revenue was down 17.3% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.66%. Fidelity National Financial's dividend payout ratio (DPR) is currently 49.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.60.

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.