Park Avenue Securities LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) in the 1st quarter, HoldingsChannel.com reports. The firm bought 4,256 shares of the financial services provider’s stock, valued at approximately $208,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Full18 Capital LLC lifted its stake in Fidelity National Financial by 112.2% during the first quarter. Full18 Capital LLC now owns 110,339 shares of the financial services provider’s stock worth $5,395,000 after purchasing an additional 58,353 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Fidelity National Financial by 17,569.1% during the first quarter. CoreCap Advisors LLC now owns 19,436 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 19,326 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Fidelity National Financial by 4.7% during the first quarter. Daiwa Securities Group Inc. now owns 13,496 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 600 shares during the last quarter. Cozad Asset Management Inc. purchased a new stake in Fidelity National Financial during the first quarter worth approximately $2,003,000. Finally, AustralianSuper Pty Ltd lifted its stake in Fidelity National Financial by 27.0% during the first quarter. AustralianSuper Pty Ltd now owns 634,863 shares of the financial services provider’s stock worth $31,007,000 after purchasing an additional 135,008 shares during the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. StockNews.com assumed coverage on Fidelity National Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group reduced their price objective on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, April 1st. Barclays reduced their price objective on Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Monday, July 11th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research note on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.33.
Fidelity National Financial Trading Up 1.0 %
Shares of FNF stock opened at $39.38 on Friday. The business’s fifty day moving average price is $38.54 and its 200 day moving average price is $43.84. Fidelity National Financial, Inc. has a 1-year low of $34.59 and a 1-year high of $56.44. The firm has a market capitalization of $11.05 billion, a PE ratio of 5.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.19 and a quick ratio of 0.19.
Fidelity National Financial (NYSE:FNF – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. Fidelity National Financial’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.07 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Wednesday, June 15th. Fidelity National Financial’s dividend payout ratio is presently 22.68%.
Fidelity National Financial 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 insurance.
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