Aberdeen Group plc Increases Stake in Fidelity National Financial, Inc. $FNF

Key Points

• Aberdeen Group plc significantly increased its stake in Fidelity National Financial, acquiring an additional 82,923 shares, bringing its ownership to a total of 139,479 shares, representing a 146.6% increase in the 1st quarter.
• Fidelity National Financial's latest earnings report showed an EPS of $1.16, missing the consensus estimate of $1.40, despite generating revenues of $3.64 billion.
• The company announced a quarterly dividend of $0.50 per share, translating to a 3.4% dividend yield, with the ex-dividend date set for September 16th.

Aberdeen Group plc increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 146.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,479 shares of the financial services provider's stock after purchasing an additional 82,923 shares during the quarter. Aberdeen Group plc owned approximately 0.05% of Fidelity National Financial worth $9,077,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FNF. Legal Advantage Investments Inc. raised its stake in Fidelity National Financial by 5.8% in the first quarter. Legal Advantage Investments Inc. now owns 31,880 shares of the financial services provider's stock valued at $2,075,000 after buying an additional 1,750 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Fidelity National Financial by 4.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,011 shares of the financial services provider's stock valued at $652,000 after acquiring an additional 382 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Fidelity National Financial by 6.8% during the first quarter. Russell Investments Group Ltd. now owns 102,309 shares of the financial services provider's stock valued at $6,658,000 after acquiring an additional 6,486 shares in the last quarter. Prudential PLC purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at approximately $215,000. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Fidelity National Financial by 5.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 77,446 shares of the financial services provider's stock valued at $5,037,000 after purchasing an additional 3,783 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays dropped 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 report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF traded down $0.21 during mid-day trading on Monday, reaching $60.61. The company had a trading volume of 82,101 shares, compared to its average volume of 1,573,609. The stock has a market capitalization of $16.47 billion, a P/E ratio of 15.37 and a beta of 1.02. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a 50 day moving average of $56.61 and a two-hundred day moving average of $58.91. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

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

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial's payout ratio is currently 50.76%.

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.