SHP Wealth Management Makes New $802,000 Investment in Fidelity National Financial, Inc. $FNF

SHP Wealth Management acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,683 shares of the financial services provider’s stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Windacre Partnership LLC increased its holdings in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. State Street Corp boosted its stake in shares of Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after buying an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock valued at $510,634,000 after buying an additional 193,629 shares during the period. AQR Capital Management LLC grew its position in shares of Fidelity National Financial by 34.5% during the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after buying an additional 1,743,342 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after buying an additional 54,756 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FNF. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday, May 11th. Barclays dropped their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Finally, Stephens reduced their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.25.

Fidelity National Financial Trading Up 0.2%

FNF opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a market cap of $12.63 billion, a P/E ratio of 17.14, a PEG ratio of 0.68 and a beta of 0.96. The business’s 50-day simple moving average is $48.71 and its 200-day simple moving average is $51.38.

Fidelity National Financial (NYSE:FNF) last posted its 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 for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

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.