Invesco Ltd. Buys 764,958 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Invesco Ltd. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 53.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,199,684 shares of the financial services provider's stock after acquiring an additional 764,958 shares during the period. Invesco Ltd. owned about 0.80% of Fidelity National Financial worth $123,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Fidelity National Financial during the fourth quarter valued at $158,386,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $33,103,000. Jupiter Asset Management Ltd. acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $32,670,000. National Pension Service boosted its holdings in shares of Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after buying an additional 430,252 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $472,300,000 after acquiring an additional 387,729 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.4 %

NYSE FNF traded up $0.27 on Friday, reaching $61.75. The stock had a trading volume of 5,166,755 shares, compared to its average volume of 1,112,935. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $47.20 and a 1 year high of $66.72. The business has a 50 day moving average price of $61.87 and a 200 day moving average price of $60.20. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 13.28 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. Fidelity National Financial's dividend payout ratio is currently 43.01%.

Analysts Set New Price Targets

A number of equities analysts recently commented on FNF shares. Barclays raised their price objective 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. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, 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 report on Tuesday, April 8th. Two equities 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, the stock has an average rating of "Moderate Buy" and a consensus price target 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.