Fidelity National Financial, Inc. $FNF Holdings Boosted by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,205 shares of the financial services provider’s stock after buying an additional 64,178 shares during the period. Fidelity National Financial accounts for about 1.9% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Crescent Grove Advisors LLC’s holdings in Fidelity National Financial were worth $20,155,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $3,585,000. Versor Investments LP raised its holdings in shares of Fidelity National Financial by 257.8% during the third quarter. Versor Investments LP now owns 26,963 shares of the financial services provider’s stock valued at $1,631,000 after buying an additional 19,428 shares during the last quarter. Citigroup Inc. increased its stake in shares of Fidelity National Financial by 101.4% during the third quarter. Citigroup Inc. now owns 492,496 shares of the financial services provider’s stock valued at $29,791,000 after acquiring an additional 247,974 shares during the period. Sound Income Strategies LLC increased its stake in shares of Fidelity National Financial by 342,784.1% during the fourth quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock valued at $7,976,000 after acquiring an additional 150,825 shares during the period. Finally, National Pension Service increased its stake in shares of Fidelity National Financial by 29.6% during the third quarter. National Pension Service now owns 91,418 shares of the financial services provider’s stock valued at $5,530,000 after acquiring an additional 20,900 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 2.1%

NYSE FNF opened at $45.47 on Thursday. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.67 and a beta of 0.96. The firm’s 50 day moving average price is $48.37 and its two-hundred day moving average price is $52.27.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share 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 firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts anticipate that Fidelity National Financial, Inc. will post 5.3 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Analyst Ratings Changes

FNF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Stephens lowered their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Barclays dropped their price target 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. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.25.

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.