Exchange Traded Concepts LLC acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,962 shares of the financial services provider’s stock, valued at approximately $145,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Wealth Partners increased its stake in shares of Fidelity National Financial by 673.0% in the 4th quarter. Concord Wealth Partners now owns 487 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 424 shares in the last quarter. Horan Securities Inc. purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $26,000. IronBridge Private Wealth LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $26,000. Bank of New Hampshire purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at about $29,000. Finally, Benjamin Edwards Inc. increased its stake in shares of Fidelity National Financial by 373.9% in the 4th quarter. Benjamin Edwards Inc. now owns 1,090 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on FNF shares. StockNews.com started coverage on Fidelity National Financial in a research note on Thursday, March 31st. They set a “hold” rating for the company. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research note on Monday, May 16th. Credit Suisse Group cut 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. Finally, Barclays cut 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. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $62.33.
Fidelity National Financial Trading Up 1.3 %
Shares of Fidelity National Financial stock opened at $36.71 on Friday. The stock has a market cap of $10.30 billion, a P/E ratio of 4.73 and a beta of 1.41. The stock’s 50 day simple moving average is $38.97 and its 200-day simple moving average is $44.69. Fidelity National Financial, Inc. has a 1-year low of $34.59 and a 1-year high of $56.44. 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 issued its earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 EPS. Analysts predict 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 $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.79%. 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.
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