First Trust Advisors LP Acquires 307,889 Shares of FNF Group of Fidelity National Financial, Inc. (FNF)

First Trust Advisors LP boosted its holdings in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 33.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239,344 shares of the financial services provider’s stock after buying an additional 307,889 shares during the period. First Trust Advisors LP owned about 0.45% of FNF Group of Fidelity National Financial worth $48,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FNF. Cerebellum GP LLC acquired a new stake in FNF Group of Fidelity National Financial during the fourth quarter worth $125,000. Whittier Trust Co. boosted its stake in FNF Group of Fidelity National Financial by 92.1% during the fourth quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock worth $205,000 after buying an additional 2,500 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in FNF Group of Fidelity National Financial during the third quarter worth $207,000. Douglas Lane & Associates LLC acquired a new stake in FNF Group of Fidelity National Financial during the third quarter worth $215,000. Finally, WASHINGTON TRUST Co acquired a new stake in FNF Group of Fidelity National Financial during the fourth quarter worth $220,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE FNF) opened at $39.08 on Friday. FNF Group of Fidelity National Financial, Inc. has a 52 week low of $26.74 and a 52 week high of $41.99. The company has a quick ratio of 0.85, a current ratio of 3.01 and a debt-to-equity ratio of 0.17. The company has a market cap of $10,830.56, a price-to-earnings ratio of 15.99 and a beta of 0.89.

FNF Group of Fidelity National Financial (NYSE:FNF) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. FNF Group of Fidelity National Financial had a net margin of 8.13% and a return on equity of 11.72%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. sell-side analysts expect that FNF Group of Fidelity National Financial, Inc. will post 2.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.08 annualized dividend and a dividend yield of 2.76%. FNF Group of Fidelity National Financial’s dividend payout ratio is presently 55.46%.

A number of research firms have weighed in on FNF. Zacks Investment Research downgraded shares of FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Barclays set a $46.00 price target on shares of FNF Group of Fidelity National Financial and gave the stock a “buy” rating in a research note on Friday, January 12th. SunTrust Banks reiterated a “buy” rating and set a $41.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Friday, October 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 target price on shares of FNF Group of Fidelity National Financial in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.14.

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FNF Group of Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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

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