OP Asset Management Ltd bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,863 shares of the financial services provider’s stock, valued at approximately $1,292,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $28,000. Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC raised its holdings 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 valued at $53,000 after purchasing an additional 353 shares during the period. Finally, Torren Management LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $57,000. 81.17% of the stock is owned by institutional investors.
Fidelity National Financial Stock Performance
Shares of FNF stock opened at $47.59 on Tuesday. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.68 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 company has a 50-day simple moving average of $48.61 and a 200 day simple moving average of $50.86. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40.
Fidelity National Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.
Insider Activity at Fidelity National Financial
In other news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.70% of the company’s stock.
Wall Street Analysts Forecast Growth
FNF has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Barclays dropped their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Stephens decreased their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average price target of $55.50.
Read Our Latest Stock Analysis on FNF
Fidelity National Financial Company 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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