LPL Financial LLC Purchases 23,546 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

LPL Financial LLC raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,716 shares of the financial services provider's stock after buying an additional 23,546 shares during the period. LPL Financial LLC owned approximately 0.09% of Fidelity National Financial worth $13,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Chesley Taft & Associates LLC grew its holdings in Fidelity National Financial by 1.2% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock worth $937,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Fidelity National Financial by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after purchasing an additional 200 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Fidelity National Financial by 50.6% in 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 in the last quarter. Essex Financial Services Inc. lifted its stake in Fidelity National Financial by 5.3% during the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 211 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after buying an additional 223 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

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Fidelity National Financial Stock Down 3.8 %

Shares of FNF traded down $2.28 during trading hours on Monday, reaching $57.80. The company's stock had a trading volume of 1,873,324 shares, compared to its average volume of 1,098,277. The company has a 50 day moving average of $61.36 and a two-hundred day moving average 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. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 12.43 and a beta of 1.09. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $66.72.

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

Fidelity National Financial Announces Dividend

The company also recently announced 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 of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

Analyst Ratings Changes

FNF has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Friday, January 3rd. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Stephens raised 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company's stock.

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.