Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,941 shares of the financial services provider’s stock after acquiring an additional 852 shares during the period. OLD National Bancorp IN owned approximately 0.06% of Fidelity National Financial worth $10,865,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FNF. Spire Wealth Management acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $89,000. Stratos Wealth Partners LTD. raised its holdings in Fidelity National Financial by 6.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,147 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 412 shares during the last quarter. Choreo LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $664,000. Strategic Financial Concepts LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $7,760,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Fidelity National Financial by 8.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 674,446 shares of the financial services provider’s stock valued at $37,863,000 after acquiring an additional 54,223 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $54.71 on Friday. The firm has a 50 day simple moving average of $59.26 and a 200-day simple moving average of $59.70. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last posted 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). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company earned $0.91 EPS. The business’s quarterly revenue was down 17.3% on a year-over-year basis. On average, analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. Fidelity National Financial’s dividend payout ratio (DPR) is 49.50%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial 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.