10,694 Shares in Fidelity National Financial, Inc. $FNF Bought by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC established a new position in Fidelity National Financial, Inc. by buying 10,694 shares valued at approximately $696,000 in the first quarter.
• The company announced a quarterly dividend of $0.50 per share, with an annualized dividend yield of 3.3%, set to be paid on September 30th.
• Despite a 15.1% year-over-year revenue increase, Fidelity National Financial reported earnings per share of $1.16, which fell short of analysts' expectations by $0.24.

Teza Capital Management LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 10,694 shares of the financial services provider's stock, valued at approximately $696,000.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its position in Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after purchasing an additional 208 shares during the period. Rise Advisors LLC purchased a new position in Fidelity National Financial in the 1st quarter worth $32,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the 1st quarter worth $32,000. Synergy Investment Management LLC purchased a new position in Fidelity National Financial in the 1st quarter worth $36,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.2%

Shares of FNF opened at $60.52 on Friday. The firm's 50-day moving average price is $57.58 and its 200-day moving average price is $59.06. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 15.36 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company's revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.3%. Fidelity National Financial's payout ratio is presently 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays cut their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.

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