Millennium Management LLC Grows Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Millennium Management LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 41.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,946,962 shares of the financial services provider’s stock after purchasing an additional 568,013 shares during the period. Millennium Management LLC’s holdings in Fidelity National Financial were worth $109,302,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNF. Barclays PLC increased its holdings in Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity National Financial by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,094 shares of the financial services provider’s stock valued at $1,557,000 after purchasing an additional 348 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in Fidelity National Financial by 8.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,836 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 430 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in Fidelity National Financial by 11.9% in the 4th quarter. Accurate Wealth Management LLC now owns 5,238 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 556 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $431,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNF. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. 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 note on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $57.29 on Wednesday. The company has a fifty day simple moving average of $62.49 and a two-hundred day simple moving average of $60.35. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 12.32 and a beta of 1.14. 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 52 week low of $47.79 and a 52 week high of $66.72.

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

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.