Federated Hermes Inc. Has $7.83 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Federated Hermes Inc. increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 423.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,406 shares of the financial services provider's stock after purchasing an additional 112,780 shares during the period. Federated Hermes Inc. owned approximately 0.05% of Fidelity National Financial worth $7,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in 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 valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity National Financial during the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $52,000. UMB Bank n.a. boosted its stake in shares of Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

FNF has been the topic of a number of research analyst reports. Barclays raised their target price 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. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a report on Tuesday, April 8th. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Trading Up 0.3 %

NYSE:FNF traded up $0.18 on Wednesday, reaching $62.62. 264,503 shares of the stock traded hands, compared to its average volume of 1,318,983. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $66.72. The company's 50 day moving average is $61.72 and its 200-day moving average is $60.19. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 13.47 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the firm earned $0.75 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Fidelity National Financial's payout ratio is currently 43.01%.

About Fidelity National Financial

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.