Nixon Capital LLC Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Nixon Capital LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,997 shares of the financial services provider's stock after purchasing an additional 9,801 shares during the period. Fidelity National Financial comprises approximately 3.4% of Nixon Capital LLC's holdings, making the stock its 13th largest position. Nixon Capital LLC owned about 0.07% of Fidelity National Financial worth $10,455,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FNF. Norges Bank purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $158,386,000. Invesco Ltd. grew its position in 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 worth $123,490,000 after buying an additional 764,958 shares during the period. Raymond James Financial Inc. purchased a new position in Fidelity National Financial in the fourth quarter valued at about $33,103,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $32,670,000. Finally, National Pension Service grew its holdings in shares of 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 acquiring an additional 430,252 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Fidelity National Financial Trading Down 0.4 %

Shares of Fidelity National Financial stock traded down $0.25 during mid-day trading on Friday, hitting $59.92. 1,810,281 shares of the stock were exchanged, compared to its average volume of 1,096,348. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 12.89 and a beta of 1.09. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $61.57 and a 200 day simple moving average of $60.17.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 last year, the business earned $0.75 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm 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 was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.34%. Fidelity National Financial's payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FNF shares. 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 report on Tuesday, April 8th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays increased their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.