Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,001,001 shares of the financial services provider's stock after buying an additional 588,113 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.28% of Fidelity National Financial worth $585,785,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC lifted its position in Fidelity National Financial by 109.7% during the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after buying an additional 6,405 shares during the period. Oppenheimer & Co. Inc. lifted its position in Fidelity National Financial by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after buying an additional 1,267 shares during the period. Private Trust Co. NA raised its holdings in shares of Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after purchasing an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fidelity National Financial by 4.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock worth $5,540,000 after purchasing an additional 3,510 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Fidelity National Financial by 3.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after purchasing an additional 2,807 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Barclays cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.
Check Out Our Latest Analysis on FNF
Fidelity National Financial Trading Up 1.7%
Shares of Fidelity National Financial stock traded up $1.01 during trading hours on Tuesday, reaching $59.49. The stock had a trading volume of 385,722 shares, compared to its average volume of 1,596,464. The firm has a 50 day simple moving average of $55.72 and a two-hundred day simple moving average of $58.81. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 15.12 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72.
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 the consensus estimate of $1.40 by ($0.24). The company 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 in the previous year, the business posted $1.24 earnings per share. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.
About Fidelity National Financial
(
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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