Prudential PLC lifted its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 141.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,568 shares of the financial services provider’s stock after buying an additional 29,590 shares during the period. Prudential PLC’s holdings in Fidelity National Financial were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of FNF. Canton Hathaway LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $26,000. Atlantic Union Bankshares Corp boosted its stake in shares of Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth $32,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $57,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Financial Price Performance
NYSE FNF opened at $47.37 on Monday. The company has a market capitalization of $12.75 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The business’s fifty day moving average is $48.46 and its 200 day moving average is $52.11. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40.
Fidelity National Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued 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 yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on FNF shares. Stephens lowered their target price 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. Keefe, Bruyette & Woods lowered their target price 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 lowered their target price 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. National Bank Financial set a $50.00 target price on Fidelity National Financial in a research report on Monday, May 11th. 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 equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.25.
Check Out Our Latest Report on Fidelity National Financial
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.
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