Valley Wealth Managers Inc. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 59.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,280 shares of the financial services provider’s stock after acquiring an additional 45,899 shares during the period. Valley Wealth Managers Inc.’s holdings in Fidelity National Financial were worth $4,765,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Fidelity National Financial in the 2nd quarter valued at $112,882,000. Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after buying an additional 973,891 shares during the period. Hsbc Holdings PLC grew its stake in Fidelity National Financial by 70.3% in the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after acquiring an additional 369,908 shares in the last quarter. Squarepoint Ops LLC grew its stake in Fidelity National Financial by 74.4% in the 2nd quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock worth $32,464,000 after acquiring an additional 293,761 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in Fidelity National Financial during the 1st quarter worth $13,359,000. Institutional investors own 81.17% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Fidelity National Financial in a research report on Monday, August 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Barclays lowered their price target on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Finally, Zacks Research raised shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.25.
Fidelity National Financial Stock Down 2.5%
Shares of FNF stock opened at $38.79 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. Fidelity National Financial, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.37. The firm has a market capitalization of $10.40 billion, a PE ratio of 13.70, a P/E/G ratio of 0.59 and a beta of 0.94. The stock’s 50-day simple moving average is $45.05 and its 200-day simple moving average is $47.36.
Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Fidelity National Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities analysts expect that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.
Fidelity National Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.52 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.4%. Fidelity National Financial’s dividend payout ratio is presently 73.50%.
Fidelity National Financial Profile
Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.
FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.
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