Fidelity National Financial, Inc. $FNF Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3,482.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 125,037 shares of the financial services provider’s stock after acquiring an additional 121,547 shares during the quarter. Fifth Third Bancorp’s holdings in Fidelity National Financial were worth $5,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC boosted its position in Fidelity National Financial by 70.3% during the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after acquiring an additional 369,908 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Fidelity National Financial by 14.3% during the first quarter. Kestra Advisory Services LLC now owns 17,304 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 2,159 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Fidelity National Financial by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 52,318 shares of the financial services provider’s stock valued at $2,427,000 after purchasing an additional 1,700 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of Fidelity National Financial during the first quarter valued at about $237,000. Finally, R Squared Ltd bought a new stake in shares of Fidelity National Financial during the first quarter valued at about $298,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. National Bank Financial set a $51.00 price target on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Stephens reduced their price target 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. Finally, Barclays increased their price objective on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Two 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 company’s stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling

In related news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $51.92 on Friday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.97 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96. The company’s 50-day moving average price is $48.07 and its two-hundred day moving average price is $50.23.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share 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 business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.24 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

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.