Natixis Invests $1.03 Million in Fidelity National Financial, Inc. (NYSE:FNF)

Natixis acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,373 shares of the financial services provider's stock, valued at approximately $1,031,000.

Several other hedge funds also recently bought and sold shares of FNF. Parkside Financial Bank & Trust raised its position 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 valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter worth about $52,000. UMB Bank n.a. grew its holdings in 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, Smartleaf Asset Management LLC raised its holdings 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 in the last quarter. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on FNF. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Performance

FNF stock traded up $0.50 during midday trading on Monday, reaching $63.15. The stock had a trading volume of 537,436 shares, compared to its average volume of 1,111,251. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a fifty day simple moving average of $62.37 and a two-hundred day simple moving average of $60.26. The stock has a market cap of $17.37 billion, a PE ratio of 13.57 and a beta of 1.09. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $70.99.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping 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 firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 3.17%. Fidelity National Financial's payout ratio is currently 43.01%.

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.