EP Wealth Advisors LLC Acquires 952 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

EP Wealth Advisors LLC grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,990 shares of the financial services provider’s stock after buying an additional 952 shares during the quarter. EP Wealth Advisors LLC’s holdings in Fidelity National Financial were worth $2,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Analysts LLC bought a new stake in Fidelity National Financial in the 4th quarter worth $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth about $37,000. Kapitalo Investimentos Ltda purchased a new position in Fidelity National Financial during the 4th quarter valued at about $44,000. Finally, Colonial Trust Co SC raised its position in Fidelity National Financial by 130.1% during the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 8th. Stephens boosted 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. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays boosted their price target 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Trading Down 3.2 %

NYSE:FNF opened at $57.83 on Friday. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company’s 50-day simple moving average is $62.72 and its 200 day simple moving average is $60.38. The firm has a market capitalization of $15.88 billion, a P/E ratio of 12.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the business earned $0.91 EPS. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. As a group, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s payout ratio is 49.50%.

Fidelity National Financial 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.