Jacobs Levy Equity Management Inc. Buys Shares of 140,309 Fidelity National Financial, Inc. (NYSE:FNF)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 140,309 shares of the financial services provider’s stock, valued at approximately $7,877,000. Jacobs Levy Equity Management Inc. owned about 0.05% of Fidelity National Financial as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FNF. Norges Bank purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $158,386,000. Invesco Ltd. increased its position in shares of Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after acquiring an additional 764,958 shares during the last quarter. Hsbc Holdings PLC grew its stake in Fidelity National Financial by 99.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock worth $80,689,000 after purchasing an additional 715,070 shares in the last quarter. AQR Capital Management LLC grew its stake in Fidelity National Financial by 135.8% in the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock worth $65,543,000 after purchasing an additional 672,323 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the fourth quarter worth about $33,103,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FNF shares. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research report on Tuesday, April 8th. Barclays boosted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.29 on Wednesday. The company’s fifty day moving average is $62.49 and its two-hundred day moving average is $60.35. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The company has a market cap of $15.73 billion, a P/E ratio of 12.32 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company’s revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.