Northwestern Mutual Wealth Management Co. Buys 41,792 Shares of Fidelity National Financial, Inc. $FNF

Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2,044.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,836 shares of the financial services provider’s stock after purchasing an additional 41,792 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity National Financial were worth $2,393,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FNF. Goldman Sachs Group Inc. increased its position in shares of Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 8,494 shares during the last quarter. Invesco Ltd. increased its position in shares of Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after purchasing an additional 16,440 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $339,000. Finally, Daiwa Securities Group Inc. grew its position in Fidelity National Financial by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $48.49 on Wednesday. The stock’s fifty day moving average is $48.27 and its two-hundred day moving average is $52.71. The company has a market capitalization of $13.05 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.69 and a beta of 1.00. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $0.78 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts expect that Fidelity National Financial, Inc. will post 5.4 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Barclays cut their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Stephens cut their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.