Envestnet Asset Management Inc. Purchases 39,891 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Envestnet Asset Management Inc. raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNFGet Rating) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,047 shares of the financial services provider’s stock after acquiring an additional 39,891 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Fidelity National Financial worth $23,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FNF. BlackRock Inc. grew its position in Fidelity National Financial by 2.1% during the fourth quarter. BlackRock Inc. now owns 33,708,680 shares of the financial services provider’s stock worth $1,758,921,000 after buying an additional 677,196 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Fidelity National Financial by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,843,334 shares of the financial services provider’s stock worth $252,440,000 after purchasing an additional 158,115 shares in the last quarter. Norges Bank bought a new position in shares of Fidelity National Financial in the fourth quarter worth $222,689,000. First Trust Advisors LP increased its position in shares of Fidelity National Financial by 16.8% in the fourth quarter. First Trust Advisors LP now owns 4,101,033 shares of the financial services provider’s stock worth $213,992,000 after purchasing an additional 590,651 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Fidelity National Financial by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,840,616 shares of the financial services provider’s stock worth $148,215,000 after purchasing an additional 23,159 shares during the period. Institutional investors own 82.06% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $38.93 on Wednesday. Fidelity National Financial, Inc. has a 12-month low of $34.59 and a 12-month high of $56.44. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $38.49 and its two-hundred day moving average price is $43.43. The stock has a market cap of $10.93 billion, a PE ratio of 5.02 and a beta of 1.38.

Fidelity National Financial (NYSE:FNFGet Rating) last released its earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.07 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.52%. Fidelity National Financial’s dividend payout ratio is presently 22.68%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FNF shares. Barclays decreased their price target on Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research report on Monday, May 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.33.

About Fidelity National Financial

(Get Rating)

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 insurance.

See Also

Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNFGet Rating).

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Want More Great Investing Ideas?

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.