AustralianSuper Pty Ltd Acquires 243,276 Shares of Fidelity National Financial, Inc. $FNF

AustralianSuper Pty Ltd boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 85.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 528,625 shares of the financial services provider’s stock after buying an additional 243,276 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Fidelity National Financial were worth $28,858,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its position in Fidelity National Financial by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 192 shares in the last quarter. Fiduciary Trust Co lifted its position in 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 purchasing an additional 228 shares in the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of Fidelity National Financial by 5.3% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 243 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Fidelity National Financial by 7.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 277 shares during the period. Finally, Pathstone Holdings LLC grew its stake in shares of Fidelity National Financial by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,267 shares of the financial services provider’s stock valued at $1,891,000 after acquiring an additional 304 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.2%

NYSE FNF opened at $47.88 on Friday. The stock’s 50 day moving average is $48.21 and its 200 day moving average is $53.05. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The stock has a market cap of $12.89 billion, a PE ratio of 17.50, a P/E/G ratio of 0.68 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS 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 business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 5.4 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research note on Monday. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Stephens reduced their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays reduced their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Company 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.