Bayforest Capital Ltd Acquires 581 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Bayforest Capital Ltd increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,535 shares of the financial services provider’s stock after buying an additional 581 shares during the period. Bayforest Capital Ltd’s holdings in Fidelity National Financial were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FNF. Orion Portfolio Solutions LLC raised its stake in shares of Fidelity National Financial by 37.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,199 shares of the financial services provider’s stock worth $909,000 after buying an additional 4,419 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Fidelity National Financial by 16.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 30,711 shares of the financial services provider’s stock valued at $1,724,000 after purchasing an additional 4,286 shares in the last quarter. Wellington Management Group LLP increased its stake in Fidelity National Financial by 421.4% in the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider’s stock valued at $1,977,000 after purchasing an additional 28,468 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in Fidelity National Financial by 20.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,446 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Fidelity National Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock valued at $252,037,000 after purchasing an additional 34,634 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FNF. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.20.

Fidelity National Financial Stock Up 0.4%

Fidelity National Financial stock opened at $56.63 on Friday. The stock has a market capitalization of $15.55 billion, a PE ratio of 14.02 and a beta of 1.02. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $55.24 and a 200-day moving average of $58.78.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.5%. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

Fidelity National Financial Company 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 products.