SG Americas Securities LLC Has $6.42 Million Stock Position in Fidelity National Financial, Inc. $FNF

SG Americas Securities LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 177.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 138,532 shares of the financial services provider’s stock after purchasing an additional 88,523 shares during the period. SG Americas Securities LLC’s holdings in Fidelity National Financial were worth $6,425,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $3,585,000. Sound Income Strategies LLC increased its stake in shares of Fidelity National Financial by 342,784.1% during the 4th quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock worth $7,976,000 after purchasing an additional 150,825 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Fidelity National Financial during the 4th quarter valued at $1,439,000. Ameriflex Group Inc. lifted its stake in shares of Fidelity National Financial by 99.7% in the 3rd quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after purchasing an additional 28,626 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Fidelity National Financial by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider’s stock worth $203,481,000 after purchasing an additional 56,170 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNF. National Bank Financial set a $50.00 target price on Fidelity National Financial in a report on Monday, May 11th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Barclays reduced their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.50.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $46.65 on Monday. The firm has a market capitalization of $12.56 billion, a PE ratio of 17.05, a PEG ratio of 0.68 and a beta of 0.96. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year 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 firm’s fifty day simple moving average is $48.62 and its 200 day simple moving average is $50.93.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.29 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid 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 4.5%. Fidelity National Financial’s payout ratio is presently 75.91%.

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.