Handelsbanken Fonder AB grew its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 127.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 69,900 shares of the financial services provider’s stock after purchasing an additional 39,179 shares during the period. Handelsbanken Fonder AB’s holdings in Fidelity National Financial were worth $3,816,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity National Financial by 6.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,451 shares of the financial services provider’s stock valued at $352,000 after buying an additional 391 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Fidelity National Financial by 3.8% in the 4th quarter. TD Private Client Wealth LLC now owns 15,100 shares of the financial services provider’s stock valued at $824,000 after buying an additional 546 shares during the period. Passumpsic Savings Bank purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $608,000. North Dakota State Investment Board purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $499,000. Finally, Barr E S & Co. purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $413,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Analyst Ratings Changes
FNF has been the subject of several analyst reports. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Barclays decreased 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 report on Monday, May 11th. National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a report on Monday, May 11th. Finally, Stephens decreased their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.25.
Fidelity National Financial Stock Performance
Shares of FNF stock opened at $48.65 on Friday. The firm’s 50 day moving average price is $48.21 and its 200-day moving average price is $52.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The firm has a market cap of $13.09 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.69 and a beta of 1.00.
Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 5.4 EPS for the current year.
Fidelity National Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 75.91%.
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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