Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 49.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,644 shares of the financial services provider’s stock after purchasing an additional 13,039 shares during the period. Advisors Asset Management Inc.’s holdings in Fidelity National Financial were worth $2,105,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Fidelity National Financial by 195.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after acquiring an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Fidelity National Financial in the first quarter worth $135,347,000. Norges Bank bought a new stake in Fidelity National Financial in the fourth quarter worth $41,212,000. Vanguard Group Inc. boosted its holdings in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Fidelity National Financial by 1,029.1% during the fourth quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after acquiring an additional 653,091 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Trading Up 1.6 %

Shares of NYSE:FNF opened at $54.45 on Friday. The company’s 50-day moving average price is $50.52 and its two-hundred day moving average price is $50.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $55.37. The stock has a market capitalization of $14.88 billion, a PE ratio of 17.91 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.53%. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Ratings Changes

Several research firms have recently commented on FNF. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Stephens raised their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Finally, Barclays boosted their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.40.

About Fidelity National Financial

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.