Geode Capital Management LLC Increases Holdings in Fidelity National Financial, Inc. $FNF

Geode Capital Management LLC increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 4,777,274 shares of the financial services provider’s stock after purchasing an additional 47,639 shares during the period. Geode Capital Management LLC’s holdings in Fidelity National Financial were worth $260,060,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Windacre Partnership LLC increased its holdings in Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares during the last quarter. State Street Corp increased its holdings in Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Fidelity National Financial by 0.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after acquiring an additional 54,756 shares during the last quarter. AQR Capital Management LLC increased its holdings in Fidelity National Financial by 75.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Fidelity National Financial by 167.8% in the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after acquiring an additional 2,970,460 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.1%

Shares of NYSE FNF opened at $46.48 on Wednesday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The business has a 50-day simple moving average of $48.29 and a two-hundred day simple moving average of $52.44. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.51 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.67 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts anticipate that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent research reports. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a report on Monday, May 11th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Stephens decreased their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.