Wellington Management Group LLP Increases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Wellington Management Group LLP grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 421.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,223 shares of the financial services provider's stock after buying an additional 28,468 shares during the period. Wellington Management Group LLP's holdings in Fidelity National Financial were worth $1,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System raised its holdings in shares of Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock valued at $4,053,000 after buying an additional 200 shares during the last quarter. Parkside Financial Bank & Trust raised 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 valued at $35,000 after buying an additional 209 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Fidelity National Financial by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after buying an additional 211 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after buying an additional 223 shares during the last quarter. Finally, Prosperitas Financial LLC raised its holdings in shares of Fidelity National Financial by 5.4% in the fourth quarter. Prosperitas Financial LLC now owns 4,997 shares of the financial services provider's stock valued at $281,000 after buying an additional 256 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FNF. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Finally, Barclays boosted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Two 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 presently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Down 0.3%

Shares of FNF opened at $53.95 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average is $59.48 and its two-hundred day moving average is $59.74. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The firm has a market capitalization of $14.82 billion, a P/E ratio of 11.60 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued 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 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 analyst estimates of $3.32 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company's quarterly revenue was down 17.3% compared to the same quarter last year. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.71%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Fidelity National Financial 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.

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