Envestnet Asset Management Inc. Acquires 9,645 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Envestnet Asset Management Inc. increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,547 shares of the financial services provider's stock after purchasing an additional 9,645 shares during the quarter. Envestnet Asset Management Inc. owned 0.32% of Fidelity National Financial worth $49,883,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of 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 purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the fourth quarter valued at about $37,000. Golden State Wealth Management LLC acquired a new stake 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% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after acquiring an additional 472 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Fidelity National Financial by 867.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 1,154 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

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Fidelity National Financial Stock Performance

Fidelity National Financial stock traded up $0.18 during mid-day trading on Wednesday, reaching $62.62. The company had a trading volume of 264,503 shares, compared to its average volume of 1,318,983. The company has a 50 day moving average of $61.72 and a 200-day moving average of $60.19. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $66.72. 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 firm has a market cap 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 released 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 for 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 last year, the business earned $0.75 earnings per share. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid 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 dividend yield of 3.19%. Fidelity National Financial's payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

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

Fidelity National Financial Profile

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.