Caxton Associates LLP Acquires New Shares in Fidelity National Financial, Inc. $FNF

Key Points

• Caxton Associates LLP has acquired a new position in Fidelity National Financial, Inc., purchasing 9,283 shares valued at approximately $604,000 in the first quarter of the year.
• Fidelity National Financial reported $1.16 EPS for the last quarter, missing analysts' estimates by ($0.24), despite a revenue of $3.64 billion which met expectations.
• The company is set to pay a quarterly dividend of $0.50 on September 30th, representing a 3.3% yield based on its annualized distribution.

Caxton Associates LLP acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,283 shares of the financial services provider's stock, valued at approximately $604,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FNF. Cary Street Partners Investment Advisory LLC raised its holdings in Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $32,000. Rise Advisors LLC acquired a new position in Fidelity National Financial in the first quarter worth $32,000. Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial in the 1st quarter worth about $36,000. Finally, Olde Wealth Management LLC bought a new position in Fidelity National Financial in the first quarter worth about $40,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays lowered their price target 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 given a Hold rating to the company's stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Price Performance

FNF stock traded up $0.82 during midday trading on Wednesday, reaching $59.28. The company had a trading volume of 152,231 shares, compared to its average volume of 1,531,642. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 15.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The stock has a 50 day moving average price of $57.98 and a 200-day moving average price of $59.01.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business's revenue was up 15.1% on a year-over-year basis. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a yield of 3.4%. Fidelity National Financial's dividend payout ratio (DPR) is 50.76%.

About Fidelity National Financial

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.