Fidelity National Financial, Inc. $FNF Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Fidelity National Financial by 2.5%, holding approximately 1.8 million shares worth about $118.7 million as of the end of the first quarter.
• Fidelity National Financial reported $1.16 earnings per share, missing estimates of $1.40, although its revenue of $3.64 billion matched expectations and increased by 15.1% year-over-year.
• The company announced a quarterly dividend of $0.50 per share with a dividend yield of 3.3%, set to be paid on September 30th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,823,361 shares of the financial services provider's stock after buying an additional 45,116 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.66% of Fidelity National Financial worth $118,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNF. Palogic Value Management L.P. increased its stake in Fidelity National Financial by 9.4% during the first quarter. Palogic Value Management L.P. now owns 22,796 shares of the financial services provider's stock worth $1,484,000 after purchasing an additional 1,960 shares during the period. Faithward Advisors LLC purchased a new stake in Fidelity National Financial during the first quarter worth about $221,000. Ascent Group LLC increased its stake in Fidelity National Financial by 2.1% during the first quarter. Ascent Group LLC now owns 31,790 shares of the financial services provider's stock worth $2,069,000 after purchasing an additional 648 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in Fidelity National Financial by 21.0% during the first quarter. Meiji Yasuda Life Insurance Co now owns 10,783 shares of the financial services provider's stock worth $702,000 after purchasing an additional 1,873 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Fidelity National Financial during the first quarter worth about $604,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF opened at $60.56 on Friday. The stock has a 50 day moving average price of $57.87 and a 200 day moving average price of $59.09. 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 company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 15.37 and a beta of 1.05. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) 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 analyst estimates 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 revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared 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. 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 dividend payout ratio (DPR) is currently 50.76%.

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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