Natixis Advisors LLC lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 341,814 shares of the financial services provider’s stock after selling 15,045 shares during the quarter. Natixis Advisors LLC’s holdings in Fidelity National Financial were worth $18,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of FNF. Goldman Sachs Group Inc. boosted its stake in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after purchasing an additional 47,267 shares during the period. Acadian Asset Management LLC boosted its stake in Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 8,494 shares during the period. Invesco Ltd. boosted its stake in Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares during the period. Brown Advisory Inc. acquired a new stake in Fidelity National Financial during the 2nd quarter worth $339,000. Finally, Daiwa Securities Group Inc. boosted 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 worth $1,199,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.
Fidelity National Financial Stock Up 2.9%
Shares of NYSE:FNF opened at $47.37 on Friday. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.96. The firm’s 50-day simple moving average is $48.46 and its 200-day simple moving average is $52.15. 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, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.52 dividend. The ex-dividend date 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 (DPR) is 75.91%.
Analysts Set New Price Targets
Several research firms have recently commented on FNF. Keefe, Bruyette & Woods reduced their target price 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. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a report on Monday, May 11th. Finally, Stephens lowered their target price 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.25.
Read Our Latest Research Report on FNF
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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