Ameritas Advisory Services LLC Purchases New Stake in Fidelity National Financial, Inc. $FNF

Ameritas Advisory Services LLC purchased a new stake in 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 purchased 11,875 shares of the financial services provider’s stock, valued at approximately $648,000.

Several other hedge funds have also recently bought and sold shares of FNF. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. State Street Corp raised its stake in shares of Fidelity National Financial by 0.3% during the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after purchasing an additional 31,318 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after purchasing an additional 54,756 shares during the period. Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after purchasing an additional 574,189 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.2%

Shares of NYSE:FNF opened at $47.88 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $48.21 and a 200 day simple moving average of $53.05. The firm has a market cap of $12.89 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.4 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid 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 is Tuesday, June 16th. Fidelity National Financial’s payout ratio is 75.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.25.

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.