Los Angeles Capital Management LLC Acquires 25,348 Shares of Fidelity National Financial, Inc. $FNF

Los Angeles Capital Management LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 182.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,242 shares of the financial services provider’s stock after purchasing an additional 25,348 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Fidelity National Financial were worth $2,163,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in shares of Fidelity National Financial by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock valued at $958,000 after buying an additional 192 shares during the period. Fiduciary Trust Co increased its stake in shares of Fidelity National Financial by 2.0% in the 3rd quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after buying an additional 228 shares during the period. Centennial Wealth Advisory LLC increased its stake in shares of Fidelity National Financial by 5.3% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after buying an additional 243 shares during the period. 44 Wealth Management LLC grew its stake in shares of Fidelity National Financial by 1.7% during the fourth quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 255 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Fidelity National Financial by 7.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 277 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FNF shares. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. National Bank Financial set a $50.00 target price on Fidelity National Financial in a report on Monday, May 11th. Barclays reduced their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Stephens reduced their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $47.69 on Wednesday. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. The stock’s 50-day moving average is $48.52 and its 200-day moving average is $51.97. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

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 analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Equities analysts predict that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s payout ratio is 75.91%.

Fidelity National Financial Company 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.