Passumpsic Savings Bank Makes New Investment in Fidelity National Financial, Inc. $FNF

Passumpsic Savings Bank 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 Securities & Exchange Commission. The fund acquired 11,139 shares of the financial services provider’s stock, valued at approximately $608,000.

Several other large investors also recently added to or reduced their stakes in FNF. Goldman Sachs Group Inc. increased its stake in Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after acquiring an additional 47,267 shares during the last quarter. Acadian Asset Management LLC increased its stake in Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after acquiring an additional 8,494 shares during the last quarter. Invesco Ltd. increased its stake in Fidelity National Financial by 2.0% during the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after acquiring an additional 16,440 shares during the last quarter. Brown Advisory Inc. bought a new stake in Fidelity National Financial during the second quarter worth approximately $339,000. Finally, Daiwa Securities Group Inc. increased its stake in Fidelity National Financial by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after acquiring an additional 500 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Down 0.1%

Shares of NYSE:FNF opened at $47.88 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $12.89 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. The business has a 50 day simple moving average of $48.21 and a two-hundred day simple moving average of $53.03. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, equities analysts predict that Fidelity National Financial, Inc. will post 5.4 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s payout ratio is presently 75.91%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Barclays dropped their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.