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:FNF – Get 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:FNF – Get 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

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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.

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