LPL Financial LLC Raises Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

LPL Financial LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 22.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 133,390 shares of the financial services provider’s stock after purchasing an additional 24,299 shares during the quarter. LPL Financial LLC’s holdings in Fidelity National Financial were worth $5,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Fidelity National Financial by 3.1% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,348 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 250 shares during the period. Lido Advisors LLC boosted its stake in Fidelity National Financial by 3.3% in the 1st quarter. Lido Advisors LLC now owns 7,938 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 257 shares during the period. Sei Investments Co. boosted its stake in Fidelity National Financial by 1.5% in the 1st quarter. Sei Investments Co. now owns 19,176 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 287 shares during the period. Zullo Investment Group Inc. boosted its stake in Fidelity National Financial by 20.9% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,674 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 289 shares during the period. Finally, Hudson Value Partners LLC boosted its stake in Fidelity National Financial by 0.6% in the 3rd quarter. Hudson Value Partners LLC now owns 55,187 shares of the financial services provider’s stock worth $1,998,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial dropped their price target on Fidelity National Financial from $56.00 to $48.00 in a research note on Friday, May 5th. StockNews.com initiated coverage on Fidelity National Financial in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Credit Suisse Group reiterated an “outperform” rating and set a $47.00 target price on shares of Fidelity National Financial in a research report on Thursday, March 2nd. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, February 28th. Finally, Barclays decreased their price target on Fidelity National Financial from $46.00 to $43.00 in a report on Friday, May 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $46.40.

Fidelity National Financial Stock Up 0.1 %

Fidelity National Financial stock opened at $34.42 on Tuesday. The stock has a market capitalization of $9.37 billion, a PE ratio of 14.05 and a beta of 1.34. Fidelity National Financial, Inc. has a 12 month low of $31.84 and a 12 month high of $45.51. The business has a 50 day simple moving average of $34.64 and a 200-day simple moving average of $38.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 28.40 and a quick ratio of 0.20.

Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.42). The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Fidelity National Financial had a net margin of 6.26% and a return on equity of 20.28%. The firm’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. On average, analysts anticipate that Fidelity National Financial, Inc. will post 4.56 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, June 15th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.47%.

About Fidelity National Financial

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Fidelity National Financial, Inc engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.