Stephens Inc. AR Has $10.71 Million Stock Position in Fidelity National Financial, Inc. $FNF

Stephens Inc. AR increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 196,244 shares of the financial services provider’s stock after buying an additional 13,110 shares during the quarter. Stephens Inc. AR’s holdings in Fidelity National Financial were worth $10,713,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FNF. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares during the period. Alliancebernstein L.P. raised its stake in Fidelity National Financial by 167.8% during the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after buying an additional 2,970,460 shares during the period. AQR Capital Management LLC raised its stake in shares of Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after purchasing an additional 2,174,220 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Fidelity National Financial in the fourth quarter worth approximately $36,362,000. Finally, Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after purchasing an additional 574,189 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.2%

Shares of FNF opened at $47.88 on Friday. The business has a 50-day moving average of $48.21 and a 200 day moving average of $53.05. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The firm has a market cap of $12.89 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last announced 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 during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business posted $0.78 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 5.4 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business 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 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FNF. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research note on Monday, May 11th. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Stephens lowered their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.25.

About Fidelity National Financial

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.