Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,381 shares of the financial services provider's stock after purchasing an additional 5,488 shares during the period. Sterling Capital Management LLC's holdings in Fidelity National Financial were worth $863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after buying an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $52,000. UMB Bank n.a. increased its holdings in shares of Fidelity National Financial by 68.9% during the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Fidelity National Financial by 19.9% in 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. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $1.97 on Tuesday, hitting $61.54. The company had a trading volume of 1,315,422 shares, compared to its average volume of 1,116,074. The firm has a market cap of $16.92 billion, a P/E ratio of 13.23 and a beta of 1.09. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The company has a 50-day moving average price of $62.09 and a 200-day moving average price of $60.20. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNF. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. 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 report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

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.