Canada Pension Plan Investment Board Takes Position in Fidelity National Financial, Inc. $FNF

Key Points

• The Canada Pension Plan Investment Board acquired 41,200 shares of Fidelity National Financial, Inc. ($FNF) valued at approximately $2.68 million in the first quarter of the year.
• Barclays has reduced its target price for Fidelity National Financial from $67.00 to $65.00 while maintaining an "equal weight" rating.
• Fidelity National Financial reported quarterly earnings of $1.16 per share, missing the analysts' estimates of $1.40, despite a 15.1% increase in revenue year-over-year.

Canada Pension Plan Investment Board acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,200 shares of the financial services provider's stock, valued at approximately $2,681,000.

A number of other large investors also recently modified their holdings of FNF. BNP Paribas Financial Markets raised its holdings in shares of Fidelity National Financial by 8.4% in the 4th quarter. BNP Paribas Financial Markets now owns 159,509 shares of the financial services provider's stock worth $8,955,000 after purchasing an additional 12,368 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Fidelity National Financial by 7.0% during the 4th quarter. Benjamin Edwards Inc. now owns 50,457 shares of the financial services provider's stock valued at $2,833,000 after buying an additional 3,281 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $2,836,000. Captrust Financial Advisors raised its holdings in shares of Fidelity National Financial by 13.4% during the 4th quarter. Captrust Financial Advisors now owns 17,975 shares of the financial services provider's stock valued at $1,009,000 after buying an additional 2,124 shares during the period. Finally, Bridgefront Capital LLC raised its holdings in shares of Fidelity National Financial by 27.1% during the 4th quarter. Bridgefront Capital LLC now owns 5,312 shares of the financial services provider's stock valued at $298,000 after buying an additional 1,133 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Down 0.5%

Shares of Fidelity National Financial stock traded down $0.29 on Tuesday, hitting $60.17. 252,809 shares of the company's stock traded hands, compared to its average volume of 1,547,823. The stock has a market cap of $16.35 billion, a P/E ratio of 15.32 and a beta of 1.05. 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 firm's 50-day moving average is $57.67 and its 200 day moving average is $59.08. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. Equities 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. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio is 50.76%.

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.