Healthcare of Ontario Pension Plan Trust Fund Takes $3.52 Million Position in Fidelity National Financial, Inc. $FNF

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,900 shares of the financial services provider’s stock, valued at approximately $3,520,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in Fidelity National Financial during the fourth quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares during the period. Finally, Torren Management LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 2.5%

Shares of FNF opened at $52.09 on Friday. The company has a market capitalization of $14.02 billion, a P/E ratio of 19.04, a PEG ratio of 0.80 and a beta of 0.96. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The business’s 50 day simple moving average is $48.65 and its 200-day simple moving average is $49.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analysts Set New Price Targets

A number of analysts have weighed in on FNF shares. Barclays upped their price target on Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. National Bank Financial set a $51.00 target price on shares of Fidelity National Financial in a report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling at Fidelity National Financial

In related news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.

Fidelity National Financial Company 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.