DekaBank Deutsche Girozentrale Has $4.18 Million Stock Position in Fidelity National Financial, Inc. $FNF

DekaBank Deutsche Girozentrale raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 0.4% in the second quarter, HoldingsChannel reports. The fund owned 73,492 shares of the financial services provider’s stock after purchasing an additional 316 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Financial were worth $4,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after buying an additional 208 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Fidelity National Financial in the 1st quarter worth about $32,000. Blue Trust Inc. lifted its position in Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Synergy Investment Management LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at about $36,000. Finally, Olde Wealth Management LLC bought a new stake in Fidelity National Financial during the 1st quarter worth approximately $40,000. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.83.

Fidelity National Financial Stock Performance

NYSE FNF opened at $57.09 on Friday. The company has a market capitalization of $15.51 billion, a PE ratio of 14.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a 50-day simple moving average of $58.71 and a 200 day simple moving average of $57.94.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Fidelity National Financial’s payout ratio is presently 50.76%.

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.