Fidelity National Financial Inc (FNF) Stake Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,287 shares of the financial services provider’s stock after purchasing an additional 1,419 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Fidelity National Financial were worth $1,424,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Fidelity National Financial by 1.4% in the third quarter. Vanguard Group Inc. now owns 25,173,378 shares of the financial services provider’s stock valued at $990,572,000 after acquiring an additional 338,979 shares during the last quarter. Vanguard Group Inc lifted its position in Fidelity National Financial by 1.4% in the third quarter. Vanguard Group Inc now owns 25,173,378 shares of the financial services provider’s stock valued at $990,572,000 after acquiring an additional 338,979 shares during the last quarter. BlackRock Inc. lifted its position in Fidelity National Financial by 3.2% in the fourth quarter. BlackRock Inc. now owns 16,085,953 shares of the financial services provider’s stock valued at $505,740,000 after acquiring an additional 498,242 shares during the last quarter. Alliancebernstein L.P. lifted its position in Fidelity National Financial by 26.5% in the third quarter. Alliancebernstein L.P. now owns 11,670,565 shares of the financial services provider’s stock valued at $459,237,000 after acquiring an additional 2,446,019 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Fidelity National Financial by 9.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,651,014 shares of the financial services provider’s stock valued at $177,667,000 after acquiring an additional 471,809 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Shares of FNF opened at $35.07 on Friday. Fidelity National Financial Inc has a 1-year low of $29.50 and a 1-year high of $42.52. The firm has a market capitalization of $9.66 billion, a P/E ratio of 12.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.91 billion. Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. As a group, sell-side analysts predict that Fidelity National Financial Inc will post 2.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.54%. Fidelity National Financial’s payout ratio is currently 44.44%.

A number of equities research analysts recently weighed in on FNF shares. Compass Point started coverage on shares of Fidelity National Financial in a research report on Thursday, January 24th. They issued a “buy” rating and a $43.25 price target for the company. Zacks Investment Research raised shares of Fidelity National Financial from a “sell” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, January 15th. Barclays reissued a “buy” rating and issued a $42.00 price target on shares of Fidelity National Financial in a research report on Friday, February 15th. Finally, ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $40.56.

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About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

See Also: Hedge Funds

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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