4,256 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Park Avenue Securities LLC
Park Avenue Securities LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) in the 1st quarter, HoldingsChannel.com reports. The firm bought 4,256 shares of the financial services provider’s stock, valued at approximately $208,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Full18 Capital LLC lifted its stake in Fidelity National Financial by 112.2% during the first quarter. Full18 Capital LLC now owns 110,339 shares of the financial services provider’s stock worth $5,395,000 after purchasing an additional 58,353 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Fidelity National Financial by 17,569.1% during the first quarter. CoreCap Advisors LLC now owns 19,436 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 19,326 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Fidelity National Financial by 4.7% during the first quarter. Daiwa Securities Group Inc. now owns 13,496 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 600 shares during the last quarter. Cozad Asset Management Inc. purchased a new stake in Fidelity National Financial during the first quarter worth approximately $2,003,000. Finally, AustralianSuper Pty Ltd lifted its stake in Fidelity National Financial by 27.0% during the first quarter. AustralianSuper Pty Ltd now owns 634,863 shares of the financial services provider’s stock worth $31,007,000 after purchasing an additional 135,008 shares during the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. StockNews.com assumed coverage on Fidelity National Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group reduced their price objective on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, April 1st. Barclays reduced their price objective on Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Monday, July 11th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research note on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.33.
Fidelity National Financial Trading Up 1.0 %
Shares of FNF stock opened at $39.38 on Friday. The business’s fifty day moving average price is $38.54 and its 200 day moving average price is $43.84. Fidelity National Financial, Inc. has a 1-year low of $34.59 and a 1-year high of $56.44. The firm has a market capitalization of $11.05 billion, a PE ratio of 5.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.19 and a quick ratio of 0.19.
Fidelity National Financial (NYSE:FNF – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. Fidelity National Financial’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.07 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Wednesday, June 15th. Fidelity National Financial’s dividend payout ratio is presently 22.68%.
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 insurance.
Recommended Stories
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 – Get Rating).
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.