abrdn plc cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 59.4% during the 1st quarter, HoldingsChannel reports. The firm owned 30,432 shares of the financial services provider’s stock after selling 44,474 shares during the period. abrdn plc’s holdings in Fidelity National Financial were worth $1,514,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Versor Investments LP bought a new stake in Fidelity National Financial during the 4th quarter worth approximately $327,000. Cooper Financial Group grew its holdings in Fidelity National Financial by 6.1% during the 1st quarter. Cooper Financial Group now owns 9,056 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 522 shares during the last quarter. Bank of Montreal Can grew its holdings in Fidelity National Financial by 135.3% during the 4th quarter. Bank of Montreal Can now owns 406,125 shares of the financial services provider’s stock worth $21,305,000 after acquiring an additional 233,555 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its holdings in Fidelity National Financial by 7,419.6% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 12,257 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 12,094 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in Fidelity National Financial during the 4th quarter worth approximately $5,954,000. 82.06% of the stock is owned by institutional investors.
Fidelity National Financial Stock Down 1.0 %
Fidelity National Financial stock opened at $39.58 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. Fidelity National Financial, Inc. has a 12-month low of $34.59 and a 12-month high of $56.44. The firm’s fifty day moving average is $38.52 and its 200 day moving average is $43.46. The company has a market capitalization of $11.11 billion, a PE ratio of 5.10 and a beta of 1.38.
Fidelity National Financial (NYSE:FNF – Get Rating) last released its earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a net margin of 14.10% and a return on equity of 24.56%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company earned $1.56 EPS. Fidelity National Financial’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.07 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, June 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.45%. Fidelity National Financial’s payout ratio is presently 22.68%.
Analysts Set New Price Targets
FNF has been the topic of a number of research reports. Barclays reduced their target price on shares of Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research report on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.33.
Fidelity National Financial Company 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.
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