Cetera Investment Advisers Boosts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Cetera Investment Advisers increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,866 shares of the financial services provider’s stock after purchasing an additional 2,688 shares during the quarter. Cetera Investment Advisers’ holdings in Fidelity National Financial were worth $2,799,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its stake in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth approximately $37,000. Kapitalo Investimentos Ltda purchased a new stake in Fidelity National Financial during the fourth quarter worth approximately $44,000. Finally, Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $58.24 on Friday. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50 day simple moving average of $62.21 and a 200-day simple moving average of $60.28. The stock has a market capitalization of $16.00 billion, a PE ratio of 12.53 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company earned $0.91 EPS. Fidelity National Financial’s revenue for the quarter was down 17.3% compared to the same quarter last year. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNF. Stephens boosted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and an average target price of $71.60.

About Fidelity National Financial

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 products.