ASR Vermogensbeheer N.V. Invests $495,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• ASR Vermogensbeheer N.V. has acquired 7,612 shares of Fidelity National Financial, Inc., valued at approximately $495,000, highlighting institutional interest in the firm.
• Fidelity National Financial's stock currently holds an average rating of "Moderate Buy" with a consensus price target of $71.20, despite Barclays lowering its price objective from $67.00 to $65.00.
• The company announced a quarterly dividend of $0.50, yielding 3.4%, with a payout ratio of 49.50% and an ex-dividend date on September 16th.

ASR Vermogensbeheer N.V. purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,612 shares of the financial services provider's stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNF. Gilbert & Cook Inc. lifted its stake in shares of Fidelity National Financial by 3.0% in the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after purchasing an additional 168 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of Fidelity National Financial by 1.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after acquiring an additional 175 shares during the last quarter. Commerce Bank lifted its stake in shares of Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock worth $389,000 after acquiring an additional 177 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in shares of Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after acquiring an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies lifted its stake in shares of Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $1.47 during mid-day trading on Tuesday, hitting $59.95. 1,433,167 shares of the stock were exchanged, compared to its average volume of 1,841,947. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a market cap of $16.29 billion, a PE ratio of 15.21 and a beta of 1.02. The firm has a fifty day moving average of $55.82 and a 200 day moving average of $58.82.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results 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). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $1.24 EPS. Fidelity National Financial's revenue was up 15.1% compared to the same quarter last year. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend payout ratio (DPR) is 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Company 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.