American Century Companies Inc. increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 113.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 465,015 shares of the financial services provider’s stock after buying an additional 247,400 shares during the quarter. American Century Companies Inc. owned about 0.17% of Fidelity National Financial worth $16,231,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. DnB Asset Management AS increased its stake in shares of Fidelity National Financial by 12.6% in the first quarter. DnB Asset Management AS now owns 51,265 shares of the financial services provider’s stock worth $1,791,000 after acquiring an additional 5,732 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Fidelity National Financial by 7.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 529,930 shares of the financial services provider’s stock valued at $19,936,000 after buying an additional 38,782 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Fidelity National Financial in the first quarter worth about $964,000. Citigroup Inc. grew its holdings in Fidelity National Financial by 23.2% during the first quarter. Citigroup Inc. now owns 362,904 shares of the financial services provider’s stock worth $12,676,000 after acquiring an additional 68,380 shares during the period. Finally, Principal Financial Group Inc. raised its position in Fidelity National Financial by 2.4% during the first quarter. Principal Financial Group Inc. now owns 7,612,813 shares of the financial services provider’s stock valued at $265,915,000 after acquiring an additional 179,398 shares in the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on FNF shares. TheStreet raised shares of Fidelity National Financial from a “c+” rating to a “b” rating in a research note on Wednesday, August 9th. Truist Financial upped their price objective on shares of Fidelity National Financial from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. BTIG Research raised their target price on Fidelity National Financial from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Fidelity National Financial in a report on Thursday, August 17th. Finally, Barclays dropped their price objective on Fidelity National Financial from $46.00 to $43.00 in a report on Friday, May 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.17.
Fidelity National Financial Price Performance
Shares of Fidelity National Financial stock opened at $41.93 on Friday. The stock has a market capitalization of $11.41 billion, a P/E ratio of 22.19 and a beta of 1.34. The business has a 50 day simple moving average of $38.70 and a two-hundred day simple moving average of $36.72. Fidelity National Financial, Inc. has a 12 month low of $31.84 and a 12 month high of $45.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.19 and a quick ratio of 0.19.
Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.68 billion. Fidelity National Financial had a net margin of 4.57% and a return on equity of 15.89%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. As a group, analysts predict that Fidelity National Financial, Inc. will post 3.7 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.80 dividend on an annualized basis and a yield of 4.29%. Fidelity National Financial’s payout ratio is presently 95.24%.
Fidelity National Financial 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.
- Five stocks we like better than Fidelity National Financial
- What is MarketRank™? How to Use it
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- Upcoming IPO Stock Lockup Period, Explained
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- How to Read Stock Charts for Beginners
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.