Natixis Makes New $1.03 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Natixis bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,373 shares of the financial services provider's stock, valued at approximately $1,031,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parkside Financial Bank & Trust grew its holdings in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in Fidelity National Financial in the fourth quarter valued at about $52,000. UMB Bank n.a. lifted its stake in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after buying an additional 472 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after buying an additional 223 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 0.0 %

Shares of FNF stock traded up $0.03 during trading hours on Tuesday, hitting $63.16. 127,411 shares of the company were exchanged, compared to its average volume of 1,108,528. The company has a market capitalization of $17.37 billion, a PE ratio of 13.58 and a beta of 1.09. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The business has a 50 day moving average of $62.46 and a two-hundred day moving average of $60.28. 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 (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.17%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Wall Street Analyst Weigh In

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