FNF Group of Fidelity National Financial, Inc. (FNF) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,239,344 shares of the financial services provider’s stock after purchasing an additional 307,889 shares during the quarter. First Trust Advisors LP owned approximately 0.45% of FNF Group of Fidelity National Financial worth $48,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of FNF Group of Fidelity National Financial during the fourth quarter valued at $125,000. GSA Capital Partners LLP bought a new position in FNF Group of Fidelity National Financial in the third quarter valued at about $207,000. Douglas Lane & Associates LLC bought a new position in FNF Group of Fidelity National Financial in the third quarter valued at about $215,000. Invictus RG bought a new position in FNF Group of Fidelity National Financial in the third quarter valued at about $223,000. Finally, Laurel Wealth Advisors Inc. bought a new position in FNF Group of Fidelity National Financial in the third quarter valued at about $231,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Shares of FNF Group of Fidelity National Financial, Inc. (FNF) traded up $0.68 during trading on Friday, hitting $39.72. The stock had a trading volume of 1,355,862 shares, compared to its average volume of 1,766,481. FNF Group of Fidelity National Financial, Inc. has a 12-month low of $29.13 and a 12-month high of $41.99. The company has a current ratio of 3.01, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The stock has a market cap of $10,663.93, a PE ratio of 16.69 and a beta of 0.89.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, March 15th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is presently 55.46%.

A number of research firms have weighed in on FNF. Zacks Investment Research raised FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, January 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. Stephens reaffirmed a “buy” rating and issued a $46.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Thursday, February 1st. ValuEngine raised FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 target price on shares of FNF Group of Fidelity National Financial in a research note on Sunday, October 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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.

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

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