PFG Investments LLC Buys New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

PFG Investments LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 45,207 shares of the financial services provider’s stock, valued at approximately $2,942,000.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth about $158,386,000. Invesco Ltd. raised its position in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after buying an additional 764,958 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock valued at $80,689,000 after acquiring an additional 715,070 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock valued at $65,543,000 after acquiring an additional 672,323 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 8,302.5% in the first quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider’s stock worth $40,783,000 after acquiring an additional 619,197 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $54.50 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The stock’s 50-day moving average price is $58.08 and its 200-day moving average price is $59.16. The stock has a market capitalization of $14.97 billion, a PE ratio of 13.49 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. Fidelity National Financial’s dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FNF. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

About Fidelity National Financial

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 products.