Oxford Asset Management LLP bought a new position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,360 shares of the financial services provider’s stock, valued at approximately $301,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $2,953,000. Capital Analysts LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at approximately $29,000. Two Sigma Securities LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at approximately $357,000. Nebula Research & Development LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at approximately $661,000. Finally, Hancock Whitney Corp grew its holdings in Fidelity National Financial by 6.8% during the 4th quarter. Hancock Whitney Corp now owns 40,859 shares of the financial services provider’s stock valued at $2,294,000 after buying an additional 2,601 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens increased their price objective 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. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.60.
Fidelity National Financial Trading Down 0.8 %
FNF stock opened at $62.69 on Monday. The firm has a fifty day moving average price of $62.37 and a 200 day moving average price of $60.26. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $70.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $17.24 billion, a PE ratio of 13.48 and a beta of 1.09.
Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the company earned $0.75 earnings per share. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.
About Fidelity National Financial
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.
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