Inceptionr LLC Has $1.28 Million Stock Position in Fidelity National Financial, Inc. $FNF

Inceptionr LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 188.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,501 shares of the financial services provider’s stock after purchasing an additional 15,343 shares during the period. Inceptionr LLC’s holdings in Fidelity National Financial were worth $1,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canton Hathaway LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $28,000. Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth about $32,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $57,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on FNF shares. Stephens decreased 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. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday, May 11th. Weiss Ratings cut shares of 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 target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Finally, Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Stock Performance

FNF stock opened at $47.74 on Thursday. 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 $12.85 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.69 and a beta of 0.96. The firm has a 50 day simple moving average of $48.56 and a 200 day simple moving average of $51.90. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted 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). The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Research analysts anticipate that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

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.