Tower Research Capital LLC TRC Has $1.41 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Tower Research Capital LLC TRC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 403.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,067 shares of the financial services provider's stock after purchasing an additional 20,089 shares during the quarter. Tower Research Capital LLC TRC's holdings in Fidelity National Financial were worth $1,407,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $158,386,000. Invesco Ltd. boosted its holdings in shares of Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock valued at $123,490,000 after acquiring an additional 764,958 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Financial in the 4th quarter worth about $33,103,000. Jupiter Asset Management Ltd. bought a new stake in Fidelity National Financial in the 4th quarter valued at about $32,670,000. Finally, National Pension Service grew its position in Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after purchasing an additional 430,252 shares during the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded up $0.47 during mid-day trading on Monday, hitting $63.12. The company's stock had a trading volume of 675,224 shares, compared to its average volume of 1,112,372. The stock has a market capitalization of $17.36 billion, a P/E ratio of 13.57 and a beta of 1.09. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $62.37 and its two-hundred day moving average price is $60.26. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $70.99.

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

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Barclays upped their target price on 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. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently 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.