Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 134.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,603 shares of the financial services provider’s stock after purchasing an additional 13,553 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Fidelity National Financial were worth $1,095,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after buying an additional 47,267 shares during the period. Acadian Asset Management LLC increased its position in Fidelity National Financial by 141.9% in the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 8,494 shares during the period. Invesco Ltd. increased its position in Fidelity National Financial by 2.0% in the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after acquiring an additional 16,440 shares during the period. Brown Advisory Inc. purchased a new stake in Fidelity National Financial during the 2nd quarter valued at approximately $339,000. Finally, Daiwa Securities Group Inc. raised its stake in Fidelity National Financial by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after acquiring an additional 500 shares during 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 analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Stephens cut their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Barclays lowered their price objective on shares of 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of “Hold” and an average price target of $55.50.
Fidelity National Financial Trading Up 0.1%
Shares of Fidelity National Financial stock opened at $48.88 on Friday. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. The company’s 50-day simple moving average is $48.44 and its 200-day simple moving average is $50.65. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Fidelity National Financial’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.
Fidelity National Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is 75.91%.
Insider Activity at Fidelity National Financial
In other news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Fidelity National Financial
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential
Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF – Free Report).
Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.
