KBC Group NV Reduces Stock Holdings in Fidelity National Financial, Inc. $FNF

KBC Group NV reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 28.0% in the second quarter, HoldingsChannel reports. The firm owned 280,790 shares of the financial services provider’s stock after selling 109,360 shares during the quarter. KBC Group NV’s holdings in Fidelity National Financial were worth $15,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $178,433,000. Millennium Management LLC increased its holdings in Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after buying an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC raised its position in Fidelity National Financial by 70.6% in the first quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after acquiring an additional 824,562 shares during the period. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after acquiring an additional 588,113 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Fidelity National Financial by 336.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 307,513 shares of the financial services provider’s stock worth $20,013,000 after acquiring an additional 237,063 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.0%

Shares of FNF stock opened at $58.51 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company’s fifty day moving average price is $57.74 and its 200-day moving average price is $57.44. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 14.85 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company 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%. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a dividend of $0.52 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 48.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FNF. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday. National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Fidelity National Financial Company Profile

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.