Vanguard Group Inc. Has $1.48 Billion Holdings in Fidelity National Financial, Inc. $FNF

Vanguard Group Inc. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,119,995 shares of the financial services provider’s stock after selling 266,148 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Fidelity National Financial worth $1,480,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FNF. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 8,494 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Fidelity National Financial by 2.0% during the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after purchasing an additional 16,440 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Fidelity National Financial during the second quarter valued at about $339,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Fidelity National Financial by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. National Bank Financial set a $67.00 price objective on Fidelity National Financial in a research report on Friday, April 10th. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Barclays reduced their price objective on Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Fidelity National Financial Stock Up 0.0%

FNF stock opened at $52.32 on Friday. The stock’s fifty day simple moving average is $48.66 and its two-hundred day simple moving average is $53.51. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year high of $65.33. The stock has a market cap of $14.08 billion, a P/E ratio of 24.62, a P/E/G ratio of 0.67 and a beta of 1.01.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 6 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, March 17th. Fidelity National Financial’s payout ratio is presently 97.65%.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.