Fidelity National Financial, Inc. $FNF Stock Holdings Lifted by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,012 shares of the financial services provider’s stock after buying an additional 797 shares during the period. Baird Financial Group Inc.’s holdings in Fidelity National Financial were worth $5,468,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Cary Street Partners Investment Advisory LLC grew its position in Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC purchased a new position in Fidelity National Financial during the 1st quarter worth approximately $36,000. Olde Wealth Management LLC purchased a new position in Fidelity National Financial during the 1st quarter worth approximately $40,000. Finally, SVB Wealth LLC purchased a new position in Fidelity National Financial during the 1st quarter worth approximately $41,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial Trading Up 1.3%

Shares of NYSE:FNF opened at $60.45 on Friday. The firm has a fifty day moving average of $57.50 and a two-hundred day moving average of $59.04. The firm has a market capitalization of $16.43 billion, a P/E ratio of 15.34 and a beta of 1.05. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

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.