CTC Alternative Strategies Ltd. Makes New $571,000 Investment in Fidelity National Financial, Inc. $FNF

Key Points

• CTC Alternative Strategies Ltd. invested approximately $571,000 in Fidelity National Financial, acquiring 8,780 shares in the 1st quarter of the year.
• Other investors have also increased their stakes, with Pallas Capital Advisors boosting its position by 109.7%, now holding shares valued at $797,000.
• Fidelity National Financial recently announced a quarterly dividend of $0.50 per share, reflecting a 3.3% dividend yield with a payout ratio of 50.76%.

CTC Alternative Strategies Ltd. bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,780 shares of the financial services provider's stock, valued at approximately $571,000.

Other large investors have also recently modified their holdings of the company. Pallas Capital Advisors LLC boosted its position in shares of Fidelity National Financial by 109.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after acquiring an additional 6,405 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Fidelity National Financial by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after acquiring an additional 1,267 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity National Financial by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after acquiring an additional 2,807 shares during the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

FNF opened at $60.52 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a market capitalization of $16.44 billion, a PE ratio of 15.36 and a beta of 1.05. The stock's 50 day moving average price is $57.58 and its 200-day moving average price is $59.07.

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 net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period last year, the firm posted $1.24 earnings per share. Fidelity National Financial's quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS 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. 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 payout ratio is 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped 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 report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial 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.

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