Strs Ohio Purchases 36,445 Shares of Fidelity National Financial, Inc. $FNF

Strs Ohio raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 586.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,661 shares of the financial services provider’s stock after buying an additional 36,445 shares during the period. Strs Ohio’s holdings in Fidelity National Financial were worth $2,329,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Counsel LLC increased its stake in shares of Fidelity National Financial by 1.0% in the fourth quarter. Capital Investment Counsel LLC now owns 73,328 shares of the financial services provider’s stock valued at $4,003,000 after buying an additional 756 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in Fidelity National Financial during the 4th quarter worth approximately $36,362,000. Danske Bank A S grew its holdings in Fidelity National Financial by 5.6% during the 4th quarter. Danske Bank A S now owns 120,924 shares of the financial services provider’s stock worth $6,601,000 after acquiring an additional 6,400 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Fidelity National Financial by 1.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 20,225 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 340 shares during the last quarter. Finally, Keybank National Association OH increased its position in Fidelity National Financial by 24.7% in the 4th quarter. Keybank National Association OH now owns 4,842 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 960 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 0.1%

Shares of NYSE:FNF opened at $51.16 on Wednesday. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $64.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The business’s 50-day moving average is $48.64 and its 200-day moving average is $53.44. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 0.65 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 6 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. Fidelity National Financial’s dividend payout ratio (DPR) is 97.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FNF. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. National Bank Financial set a $67.00 price objective on Fidelity National Financial in a report on Friday, April 10th. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays reduced their price target on Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

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.