Ameritas Advisory Services LLC Makes New Investment in Fidelity National Financial, Inc. $FNF

Ameritas Advisory Services LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,875 shares of the financial services provider’s stock, valued at approximately $648,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Windacre Partnership LLC boosted its holdings in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. State Street Corp boosted its holdings in Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after purchasing an additional 31,318 shares during the period. First Eagle Investment Management LLC boosted its holdings in Fidelity National Financial by 0.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after purchasing an additional 54,756 shares during the period. Cooke & Bieler LP boosted its holdings in Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after purchasing an additional 574,189 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after purchasing an additional 2,174,220 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $47.88 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $48.21 and its two-hundred day moving average price is $53.05. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The stock has a market cap of $12.89 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last issued its quarterly 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 business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.4 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Analysts Set New Price Targets

A number of research firms have commented on FNF. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Barclays reduced their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday, May 11th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Stephens reduced their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Profile

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.