State of Alaska Department of Revenue lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 4.7% in the first quarter, Holdings Channel reports. The institutional investor owned 40,726 shares of the financial services provider’s stock after selling 2,026 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fidelity National Financial were worth $1,988,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $222,689,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $39,795,000. BlackRock Inc. boosted its position in shares of Fidelity National Financial by 2.1% during the 4th quarter. BlackRock Inc. now owns 33,708,680 shares of the financial services provider’s stock valued at $1,758,921,000 after acquiring an additional 677,196 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Fidelity National Financial by 1,532.2% during the 4th quarter. American Century Companies Inc. now owns 648,262 shares of the financial services provider’s stock valued at $33,827,000 after acquiring an additional 608,546 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Fidelity National Financial by 16.8% during the 4th quarter. First Trust Advisors LP now owns 4,101,033 shares of the financial services provider’s stock valued at $213,992,000 after acquiring an additional 590,651 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.
NYSE:FNF opened at $37.69 on Friday. The business has a 50 day moving average of $39.65 and a 200 day moving average of $45.68. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 4.86 and a beta of 1.41. Fidelity National Financial, Inc. has a 1-year low of $34.59 and a 1-year high of $56.44. 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 released its earnings results 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. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. Fidelity National Financial’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.76 annualized dividend and a yield of 4.67%. Fidelity National Financial’s payout ratio is currently 22.68%.
FNF has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Fidelity National Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial to $62.00 and gave the company a “na” rating in a research report on Monday, May 16th. Credit Suisse Group dropped their target price on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, April 1st. Finally, Barclays dropped their target price on Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.67.
Fidelity National Financial Profile (Get Rating)
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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