Dynamic Technology Lab Private Ltd Purchases 9,670 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Dynamic Technology Lab Private Ltd significantly boosted its stake in Fidelity National Financial, increasing its holdings by 101% in Q1, now owning 19,240 shares valued at approximately $1,252,000.
• Fidelity National Financial reported Q2 earnings of $1.16 per share, missing analyst estimates by $0.24, with revenue matching expectations at $3.64 billion.
• The company declared a quarterly dividend of $0.50 per share, translating to a 3.3% annual yield, with a payout ratio of 50.76%.

Dynamic Technology Lab Private Ltd increased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 101.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,240 shares of the financial services provider's stock after acquiring an additional 9,670 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Fidelity National Financial were worth $1,252,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FNF. Cary Street Partners Investment Advisory LLC increased its position 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 worth $30,000 after buying an additional 208 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the first quarter worth about $32,000. Rise Advisors LLC purchased a new stake in Fidelity National Financial in the first quarter worth about $32,000. Synergy Investment Management LLC purchased a new stake in Fidelity National Financial in the first quarter worth about $36,000. Finally, Olde Wealth Management LLC purchased a new stake in Fidelity National Financial in the first quarter worth about $40,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

NYSE FNF opened at $60.52 on Monday. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 15.36 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 business has a 50-day moving average price of $57.58 and a 200-day moving average price of $59.07. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial's dividend payout ratio is 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

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.

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