Strs Ohio Buys New Shares in Fidelity National Financial, Inc. $FNF

Strs Ohio purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,781 shares of the financial services provider’s stock, valued at approximately $1,808,000.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock valued at $30,000 after buying an additional 208 shares in the last quarter. Rise Advisors LLC bought a new position in Fidelity National Financial during the 1st quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC bought a new position in Fidelity National Financial during the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC bought a new position in Fidelity National Financial during the 1st quarter worth $40,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 2.6%

NYSE:FNF opened at $58.46 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The business’s fifty day moving average price is $57.98 and its 200 day moving average price is $59.01. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 14.84 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

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.