Financiere des Professionnels Fonds d investissement inc. Buys 16,546 Shares of Fidelity National Financial, Inc. $FNF

Financiere des Professionnels Fonds d investissement inc. raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 122.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,031 shares of the financial services provider’s stock after acquiring an additional 16,546 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Fidelity National Financial were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $3,585,000. Sound Income Strategies LLC raised its position 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 valued at $7,976,000 after buying an additional 150,825 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $1,439,000. UBS Group AG lifted its holdings in shares of Fidelity National Financial by 8.9% in the 4th quarter. UBS Group AG now owns 1,664,396 shares of the financial services provider’s stock valued at $90,859,000 after acquiring an additional 136,268 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of Fidelity National Financial in the 4th quarter valued at about $36,362,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $51.87 on Friday. The company has a market capitalization of $13.96 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.76 and a beta of 0.96. The company’s 50-day simple moving average is $48.10 and its two-hundred day simple moving average is $50.24. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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). The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.24 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FNF. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Stephens lowered their price objective on 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. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. National Bank Financial set a $51.00 target price on Fidelity National Financial in a research report on Tuesday, July 7th. Finally, Barclays increased their price target on 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insiders Place Their Bets

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on Friday, June 26th. The stock was 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. The trade was a 92.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by company insiders.

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.