Commerzbank Aktiengesellschaft FI Makes New Investment in Fidelity National Financial, Inc. $FNF

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,174 shares of the financial services provider’s stock, valued at approximately $774,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Windacre Partnership LLC lifted its stake in shares of Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares during the period. State Street Corp lifted its stake in shares of Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Fidelity National Financial by 0.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after acquiring an additional 54,756 shares during the period. Cooke & Bieler LP lifted its stake in shares of Fidelity National Financial by 12.3% in the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after acquiring an additional 574,189 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Fidelity National Financial by 75.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.2%

Shares of NYSE FNF opened at $47.88 on Friday. The company has a quick ratio of 0.24, 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 $42.78 and a 52 week high of $61.40. The firm has a 50-day moving average price of $48.21 and a 200 day moving average price of $53.05. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.4 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

Analyst Upgrades and Downgrades

FNF has been the subject of several recent analyst reports. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a research note on Monday, May 11th. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Stephens reduced their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.