Nomura Holdings Inc. Invests $1.94 Million in Fidelity National Financial, Inc. (NYSE:FNF)

Nomura Holdings Inc. acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,493 shares of the financial services provider's stock, valued at approximately $1,936,000.

A number of other institutional investors have also added to or reduced their stakes in FNF. Norges Bank bought a new stake in Fidelity National Financial in the 4th quarter worth about $158,386,000. Invesco Ltd. grew its position in Fidelity National Financial by 53.3% in the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after purchasing an additional 764,958 shares in the last quarter. Hsbc Holdings PLC grew its position in Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares in the last quarter. AQR Capital Management LLC grew its position in Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Fidelity National Financial in the 4th quarter worth about $33,103,000. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in 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 on the stock in a research note on Tuesday, April 8th. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Finally, StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $58.24 on Friday. The stock has a market capitalization of $16.00 billion, a P/E ratio of 12.53 and a beta of 1.14. 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 $62.21 and its 200 day moving average is $60.29. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is currently 49.50%.

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.

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