Huntington National Bank raised its holdings in Fidelity National Financial Inc (NYSE:FNF) by 16.6% during the 1st quarter, HoldingsChannel reports. The firm owned 1,927 shares of the financial services provider’s stock after purchasing an additional 275 shares during the quarter. Huntington National Bank’s holdings in Fidelity National Financial were worth $70,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in FNF. Taylor Hoffman Wealth Management purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $33,000. Covington Capital Management purchased a new position in Fidelity National Financial during the fourth quarter worth approximately $40,000. Daiwa SB Investments Ltd. raised its stake in Fidelity National Financial by 1,207.7% during the fourth quarter. Daiwa SB Investments Ltd. now owns 1,700 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,570 shares during the period. Financial Gravity Companies Inc. purchased a new position in Fidelity National Financial during the fourth quarter worth approximately $60,000. Finally, First Hawaiian Bank raised its stake in Fidelity National Financial by 55.7% during the first quarter. First Hawaiian Bank now owns 2,751 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 984 shares during the period. 83.43% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on FNF. Piper Jaffray Companies increased their price target on shares of Fidelity National Financial from $44.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. ValuEngine downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Barclays reaffirmed a “buy” rating and set a $42.00 price target on shares of Fidelity National Financial in a research note on Friday, February 15th. Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “sell” rating in a research note on Thursday, February 14th. Finally, Compass Point initiated coverage on shares of Fidelity National Financial in a research note on Thursday, January 24th. They set a “buy” rating and a $43.25 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.25.
Fidelity National Financial stock opened at $39.13 on Wednesday. Fidelity National Financial Inc has a 52-week low of $29.50 and a 52-week high of $41.41. The firm has a market capitalization of $10.70 billion, a PE ratio of 14.44 and a beta of 0.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). Fidelity National Financial had a return on equity of 16.28% and a net margin of 8.27%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $0.60 EPS. Fidelity National Financial’s revenue was down 14.3% on a year-over-year basis. Research analysts anticipate that Fidelity National Financial Inc will post 2.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.31 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.30. Fidelity National Financial’s dividend payout ratio is presently 45.93%.
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Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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