140,309 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 140,309 shares of the financial services provider's stock, valued at approximately $7,877,000. Jacobs Levy Equity Management Inc. owned approximately 0.05% of Fidelity National Financial at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Barclays PLC grew its position in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Fidelity National Financial in the fourth quarter valued at $406,000. Donoghue Forlines LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $1,469,000. Finally, Empowered Funds LLC boosted its stake in shares of Fidelity National Financial by 62.2% during the fourth quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after buying an additional 26,211 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Down 0.3%

NYSE:FNF traded down $0.15 during mid-day trading on Monday, reaching $58.09. The company's stock had a trading volume of 179,174 shares, compared to its average volume of 1,131,005. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $15.95 billion, a P/E ratio of 12.48 and a beta of 1.14. The company's fifty day simple moving average is $62.21 and its two-hundred day simple moving average is $60.28. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the firm posted $0.91 EPS. Fidelity National Financial's revenue was down 17.3% on a year-over-year basis. On average, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of 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. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Stephens raised their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.