Advisor Group Inc. Grows Position in Fidelity National Financial Inc (FNF)

Advisor Group Inc. lifted its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,821 shares of the financial services provider’s stock after acquiring an additional 950 shares during the period. Advisor Group Inc.’s holdings in Fidelity National Financial were worth $1,157,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Fidelity National Financial by 3.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,915 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 416 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Fidelity National Financial by 67.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 239,064 shares of the financial services provider’s stock worth $7,516,000 after acquiring an additional 96,064 shares in the last quarter. Hanson McClain Inc. grew its stake in shares of Fidelity National Financial by 68.5% in the 4th quarter. Hanson McClain Inc. now owns 6,743 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 2,741 shares in the last quarter. Raymond James & Associates grew its stake in shares of Fidelity National Financial by 8.4% in the 4th quarter. Raymond James & Associates now owns 205,647 shares of the financial services provider’s stock worth $6,466,000 after acquiring an additional 15,913 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Fidelity National Financial by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,495,597 shares of the financial services provider’s stock worth $47,023,000 after acquiring an additional 78,720 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.

Several analysts have recently issued reports on FNF shares. Zacks Investment Research lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Barclays set a $42.00 target price on shares of Fidelity National Financial and gave the stock a “buy” rating in a research note on Friday, December 14th. Finally, Compass Point started coverage on shares of Fidelity National Financial in a research note on Thursday, January 24th. They issued a “buy” rating and a $43.25 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.56.

FNF opened at $35.10 on Friday. The stock has a market cap of $9.73 billion, a P/E ratio of 13.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. Fidelity National Financial Inc has a fifty-two week low of $29.50 and a fifty-two week high of $42.52.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.05). The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.91 billion. Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. Fidelity National Financial’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Analysts predict that Fidelity National Financial Inc will post 2.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.24 annualized dividend and a yield of 3.53%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.30. Fidelity National Financial’s dividend payout ratio is presently 44.44%.

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About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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