Louisiana State Employees Retirement System Makes New $3.43 Million Investment in Fidelity National Financial, Inc. $FNF

Louisiana State Employees Retirement System acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 74,000 shares of the financial services provider’s stock, valued at approximately $3,432,000.

Several other hedge funds have also made changes to their positions in FNF. Assenagon Asset Management S.A. bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $3,585,000. Sound Income Strategies LLC increased its position in shares of Fidelity National Financial by 342,784.1% during the fourth quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock valued at $7,976,000 after purchasing an additional 150,825 shares during the period. Oak Thistle LLC bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $1,439,000. Ameriflex Group Inc. raised its stake in shares of Fidelity National Financial by 99.7% in the third quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after purchasing an additional 28,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider’s stock valued at $203,481,000 after purchasing an additional 56,170 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.2%

Shares of NYSE FNF opened at $46.65 on Friday. The stock has a market cap of $12.56 billion, a PE ratio of 17.05, a PEG ratio of 0.68 and a beta of 0.96. The business has a fifty day moving average of $48.62 and a two-hundred day moving average of $50.97. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. 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 (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 firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FNF. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday. 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. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday, May 11th. Finally, Barclays cut their price target 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. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.50.

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.