Alpha Windward LLC lessened its stake in Fidelity National Financial Inc (NYSE:FNF) by 6.7% in the 1st quarter, Holdings Channel reports. The firm owned 14,165 shares of the financial services provider’s stock after selling 1,020 shares during the period. Alpha Windward LLC’s holdings in Fidelity National Financial were worth $518,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter worth $116,541,000. FMR LLC grew its holdings in Fidelity National Financial by 14.9% during the 4th quarter. FMR LLC now owns 12,842,297 shares of the financial services provider’s stock worth $403,763,000 after acquiring an additional 1,665,150 shares during the period. Marshall Wace LLP grew its holdings in Fidelity National Financial by 225.0% during the 3rd quarter. Marshall Wace LLP now owns 951,156 shares of the financial services provider’s stock worth $37,428,000 after acquiring an additional 658,528 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Fidelity National Financial by 35.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,064,722 shares of the financial services provider’s stock worth $64,914,000 after acquiring an additional 543,821 shares during the period. Finally, BlackRock Inc. grew its holdings in Fidelity National Financial by 3.2% during the 4th quarter. BlackRock Inc. now owns 16,085,953 shares of the financial services provider’s stock worth $505,740,000 after acquiring an additional 498,242 shares during the period. Hedge funds and other institutional investors own 83.43% of the company’s stock.
A number of analysts have commented on the stock. Piper Jaffray Companies lifted their target price on shares of Fidelity National Financial from $44.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Barclays reaffirmed a “buy” rating and set a $42.00 target price on shares of Fidelity National Financial in a report on Friday, February 15th. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “sell” rating in a report on Thursday, February 14th. ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Compass Point started coverage on shares of Fidelity National Financial in a report on Thursday, January 24th. They issued a “buy” rating and a $43.25 price target for the company. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Fidelity National Financial currently has an average rating of “Hold” and an average price target of $42.25.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the firm earned $0.60 EPS. Fidelity National Financial’s quarterly revenue was down 14.3% on a year-over-year basis. Research analysts expect that Fidelity National Financial Inc will post 2.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.31 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.18%. Fidelity National Financial’s dividend payout ratio is presently 45.93%.
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About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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