Geode Capital Management LLC Grows Position in Fidelity National Financial, Inc. $FNF

Geode Capital Management LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,777,274 shares of the financial services provider’s stock after buying an additional 47,639 shares during the quarter. Geode Capital Management LLC owned approximately 1.70% of Fidelity National Financial worth $260,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp raised its position in Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after buying an additional 429 shares during the last quarter. Canton Hathaway LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in Fidelity National Financial in the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC raised its position in Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after buying an additional 353 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at $57,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays lowered their price target on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a research report on Monday, May 11th. Stephens lowered their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $56.25.

Fidelity National Financial Trading Up 0.1%

Shares of Fidelity National Financial stock opened at $46.48 on Wednesday. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm has a market cap of $12.51 billion, a PE ratio of 16.99, a P/E/G ratio of 0.67 and a beta of 0.96. The stock has a fifty day moving average price of $48.29 and a 200-day moving average price of $52.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.3 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.