Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 42.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,743 shares of the financial services provider's stock after acquiring an additional 16,975 shares during the quarter. Pinebridge Investments L.P.'s holdings in Fidelity National Financial were worth $3,186,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in shares of Fidelity National Financial by 99.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock valued at $80,689,000 after purchasing an additional 715,070 shares during the period. Stifel Financial Corp lifted its holdings in Fidelity National Financial by 0.5% during the 4th quarter. Stifel Financial Corp now owns 103,615 shares of the financial services provider's stock worth $5,817,000 after buying an additional 505 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Fidelity National Financial by 403.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,067 shares of the financial services provider's stock valued at $1,407,000 after buying an additional 20,089 shares during the period. MML Investors Services LLC grew its stake in shares of Fidelity National Financial by 6.1% in the fourth quarter. MML Investors Services LLC now owns 67,569 shares of the financial services provider's stock worth $3,793,000 after acquiring an additional 3,912 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth $1,031,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $62.69 on Friday. The business has a 50 day moving average price of $62.37 and a 200 day moving average price of $60.25. 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 has a market cap of $17.24 billion, a price-to-earnings ratio of 13.48 and a beta of 1.09. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.75 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Stephens boosted their price objective 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. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays boosted their price target 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. Finally, 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 report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Company 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.

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