Virtus Family Office LLC Takes Position in Fidelity National Financial, Inc. $FNF

Virtus Family Office LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,570 shares of the financial services provider’s stock, valued at approximately $795,000.

Several other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co increased its stake in shares of Fidelity National Financial by 2.0% during the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after buying an additional 228 shares during the period. Centennial Wealth Advisory LLC increased its stake in shares of Fidelity National Financial by 5.3% during the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after buying an additional 243 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Fidelity National Financial by 7.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after buying an additional 277 shares during the period. Pathstone Holdings LLC increased its stake in shares of Fidelity National Financial by 1.0% during the third quarter. Pathstone Holdings LLC now owns 31,267 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 304 shares during the period. Finally, CX Institutional increased its stake in shares of Fidelity National Financial by 1.7% during the third quarter. CX Institutional now owns 19,766 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $50.22 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $13.52 billion, a PE ratio of 18.35, a P/E/G ratio of 0.66 and a beta of 1.00. The business has a 50-day simple moving average of $48.61 and a two-hundred day simple moving average of $53.38. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $62.33.

Fidelity National Financial (NYSE:FNF) last issued 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 business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.35% and a net margin of 5.10%.Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Wall Street Analyst Weigh In

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