Wealth Enhancement Advisory Services LLC Purchases 9,616 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Wealth Enhancement Advisory Services LLC raised its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,249 shares of the financial services provider's stock after purchasing an additional 9,616 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Fidelity National Financial were worth $2,750,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FNF. Vanguard Group Inc. grew its stake in shares of Fidelity National Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock valued at $1,518,829,000 after buying an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after acquiring an additional 387,729 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Fidelity National Financial by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after acquiring an additional 98,751 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fidelity National Financial by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock valued at $252,037,000 after acquiring an additional 34,634 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fidelity National Financial by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock worth $190,060,000 after purchasing an additional 16,095 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded up $1.20 during mid-day trading on Tuesday, reaching $57.26. 1,727,429 shares of the company were exchanged, compared to its average volume of 1,225,089. The stock has a market capitalization of $15.73 billion, a P/E ratio of 14.17 and a beta of 1.02. 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's 50-day simple moving average is $57.34 and its 200-day simple moving average is $58.92. Fidelity National Financial, Inc. has a twelve month low of $47.92 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly 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 8.43% and a return on equity of 14.88%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm's revenue was down 17.3% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.49%. Fidelity National Financial's payout ratio is currently 49.50%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FNF shares. Keefe, Bruyette & Woods upgraded shares of 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 note on Tuesday, April 8th. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two research 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, Fidelity National Financial presently has an average rating of "Moderate Buy" and an average target price 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.