Cooper Financial Group boosted its position in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 6.1% in the 1st quarter, HoldingsChannel reports. The firm owned 9,056 shares of the financial services provider’s stock after purchasing an additional 522 shares during the period. Cooper Financial Group’s holdings in Fidelity National Financial were worth $442,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners raised its stake in 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 during the last quarter. Horan Securities Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $26,000. IronBridge Private Wealth LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $26,000. Pflug Koory LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $31,000. Finally, Benjamin Edwards Inc. increased its stake in shares of Fidelity National Financial by 373.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,090 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 860 shares during the last quarter. 82.06% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on FNF shares. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial to $62.00 and gave the company a “na” rating in a research note on Monday, May 16th. StockNews.com started coverage on shares of Fidelity National Financial in a research note on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group dropped their price objective on shares of 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 dropped their price objective on shares of Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $64.67.
FNF opened at $36.99 on Thursday. The firm has a 50 day moving average price of $39.49 and a 200 day moving average price of $45.40. The company has a market cap of $10.38 billion, a PE ratio of 4.77 and a beta of 1.41. 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 quick ratio of 0.19 and a current ratio of 0.19.
Fidelity National Financial (NYSE:FNF – Get Rating) last posted its earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. Fidelity National Financial had a net margin of 14.10% and a return on equity of 24.56%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders 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 4.76%. The ex-dividend date of this dividend was Wednesday, June 15th. Fidelity National Financial’s dividend payout ratio is presently 22.68%.
Fidelity National Financial Company Profile (Get Rating)
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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