IFM Investors Pty Ltd increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 15.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,097 shares of the financial services provider’s stock after purchasing an additional 5,807 shares during the period. IFM Investors Pty Ltd’s holdings in Fidelity National Financial were worth $2,105,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Concord Wealth Partners lifted its position in shares of Fidelity National Financial by 673.0% during the 4th quarter. Concord Wealth Partners now owns 487 shares of the financial services provider’s stock worth $25,000 after buying an additional 424 shares during the last quarter. Horan Securities Inc. bought a new position in Fidelity National Financial in the fourth quarter valued at about $26,000. IronBridge Private Wealth LLC bought a new position in Fidelity National Financial in the fourth quarter valued at about $26,000. Pflug Koory LLC bought a new position in Fidelity National Financial in the fourth quarter valued at about $31,000. Finally, Benjamin Edwards Inc. raised its position in Fidelity National Financial by 373.9% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.
Several research firms have commented on FNF. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial to $62.00 and gave the company a “na” rating in a research report on Monday, May 16th. Credit Suisse Group dropped their target price on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, April 1st. Barclays dropped their target price on Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Finally, StockNews.com assumed coverage on Fidelity National Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.
Shares of FNF opened at $37.69 on Friday. 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. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 4.86 and a beta of 1.41. The business has a 50-day moving average of $39.65 and a 200-day moving average of $45.68.
Fidelity National Financial (NYSE:FNF – Get Rating) last issued its quarterly earnings data 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. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the company earned $1.56 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.76 annualized dividend and a yield of 4.67%. Fidelity National Financial’s dividend payout ratio is currently 22.68%.
Fidelity National Financial 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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