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Atlas Capital Advisors Inc. Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

Fidelity National Financial logo with Finance background

Key Points

  • Atlas Capital Advisors Inc. increased its stake in Fidelity National Financial, Inc. by 172.2%, owning 10,933 shares valued at $712,000 after buying an additional 6,916 shares in the first quarter.
  • Barclays reduced its price target for Fidelity National Financial from $67.00 to $65.00, while the company currently holds a consensus rating of "Moderate Buy" with a price target of $71.20.
  • The company announced a quarterly dividend of $0.50, with a yield of 3.4%, to be paid on September 30th to shareholders of record.
  • Want stock alerts on Fidelity National Financial? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Atlas Capital Advisors Inc. boosted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 172.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,933 shares of the financial services provider's stock after buying an additional 6,916 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Fidelity National Financial were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FNF. Wellington Management Group LLP increased its position in Fidelity National Financial by 421.4% in the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider's stock worth $1,977,000 after buying an additional 28,468 shares during the last quarter. Russell Investments Group Ltd. increased its position in Fidelity National Financial by 81.0% in the fourth quarter. Russell Investments Group Ltd. now owns 95,823 shares of the financial services provider's stock worth $5,379,000 after buying an additional 42,868 shares during the last quarter. Cerity Partners LLC increased its position in Fidelity National Financial by 14.4% in the fourth quarter. Cerity Partners LLC now owns 37,162 shares of the financial services provider's stock worth $2,117,000 after buying an additional 4,666 shares during the last quarter. Invesco Ltd. increased its position in Fidelity National Financial by 53.3% in the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after buying an additional 764,958 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Fidelity National Financial by 2.6% in the fourth quarter. Advisory Services Network LLC now owns 19,241 shares of the financial services provider's stock worth $1,080,000 after buying an additional 485 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Fidelity National Financial

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $0.81 during midday trading on Thursday, reaching $60.26. 809,237 shares of the stock were exchanged, compared to its average volume of 1,595,537. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.37 billion, a PE ratio of 15.28 and a beta of 1.02. The company's fifty day moving average is $55.96 and its 200-day moving average is $58.83.

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

Fidelity National Financial Dividend Announcement

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

Fidelity National Financial Profile

(Free Report)

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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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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