Nixon Capital LLC Increases Stake in Fidelity National Financial, Inc. $FNF

Key Points

• Nixon Capital LLC increased its stake in Fidelity National Financial by 4.6% in Q1, making it the firm's 10th largest position, representing 4.2% of its portfolio.
• Fidelity National Financial's shares currently have a consensus target price of $71.20, despite Barclays lowering their price target from $67.00 to $65.00.
• The company announced a quarterly dividend of $0.50, translating to an annualized yield of 3.3%, with a dividend payout ratio of 50.76%.

Nixon Capital LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,205 shares of the financial services provider's stock after acquiring an additional 8,208 shares during the period. Fidelity National Financial comprises 4.2% of Nixon Capital LLC's holdings, making the stock its 10th biggest holding. Nixon Capital LLC owned approximately 0.07% of Fidelity National Financial worth $12,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. BNP Paribas Financial Markets grew its position in Fidelity National Financial by 8.4% in the fourth quarter. BNP Paribas Financial Markets now owns 159,509 shares of the financial services provider's stock valued at $8,955,000 after acquiring an additional 12,368 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Fidelity National Financial by 13.4% during the fourth quarter. Captrust Financial Advisors now owns 17,975 shares of the financial services provider's stock worth $1,009,000 after purchasing an additional 2,124 shares during the last quarter. Bridgefront Capital LLC grew its holdings in shares of Fidelity National Financial by 27.1% during the fourth quarter. Bridgefront Capital LLC now owns 5,312 shares of the financial services provider's stock worth $298,000 after purchasing an additional 1,133 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $729,000. Finally, Centiva Capital LP bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $624,000. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays reduced 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Trading Up 0.2%

Shares of NYSE:FNF traded up $0.10 during midday trading on Friday, hitting $60.52. 972,953 shares of the stock were exchanged, compared to its average volume of 1,085,805. The business's 50-day moving average price is $57.58 and its 200 day moving average price is $59.07. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of 15.36 and a beta of 1.05. 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 (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). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The business's revenue was up 15.1% on a year-over-year basis. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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 $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.3%. Fidelity National Financial's dividend payout ratio is presently 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.