Fidelity National Financial, Inc. $FNF Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3,530.7% in the 4th quarter, HoldingsChannel reports. The firm owned 221,181 shares of the financial services provider’s stock after purchasing an additional 215,089 shares during the period. Rockefeller Capital Management L.P.’s holdings in Fidelity National Financial were worth $12,074,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FNF. Windacre Partnership LLC grew its holdings in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares in the last quarter. Norges Bank purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $181,017,000. Alliancebernstein L.P. lifted its stake in shares of Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after buying an additional 2,970,460 shares during the period. AQR Capital Management LLC lifted its stake in shares of Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after buying an additional 2,174,220 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Fidelity National Financial during the fourth quarter worth approximately $36,362,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research report on Monday, May 11th. Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $56.25.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $46.39 on Thursday. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm has a 50 day moving average price of $48.68 and a 200 day moving average price of $51.08. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Fidelity National Financial Profile

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.