Fidelity National Financial, Inc. $FNF Stock Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 26.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 885,109 shares of the financial services provider’s stock after buying an additional 186,819 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Fidelity National Financial were worth $34,249,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FNF. Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Fidelity National Financial by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider’s stock worth $117,313,000 after purchasing an additional 13,147 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Fidelity National Financial by 12.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,345,756 shares of the financial services provider’s stock worth $62,416,000 after purchasing an additional 144,966 shares during the period. First Trust Advisors LP grew its holdings in Fidelity National Financial by 20.2% during the first quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock valued at $53,287,000 after purchasing an additional 192,854 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Fidelity National Financial by 70.3% during the first quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after purchasing an additional 369,908 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $44.07 on Wednesday. Fidelity National Financial, Inc. has a twelve month low of $37.88 and a twelve month high of $59.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.26 and a current ratio of 0.27. The stock has a market capitalization of $11.82 billion, a PE ratio of 8.92 and a beta of 0.93. The stock has a 50-day simple moving average of $41.71 and a 200 day simple moving average of $47.66.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.32. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.78 billion. Fidelity National Financial had a return on equity of 15.39% and a net margin of 7.02%. During the same quarter last year, the firm posted $1.63 EPS. Research analysts anticipate that Fidelity National Financial, Inc. will post 5.07 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.52. Fidelity National Financial’s dividend payout ratio is currently 53.06%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays upped their price objective on shares of Fidelity National Financial from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research note on Friday, August 7th. Finally, Stephens dropped their target price on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $53.40.

About Fidelity National Financial

Fidelity National Financial, Inc. (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals. FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.