UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 45,116 Shares of Fidelity National Financial, Inc. $FNF

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 increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% during the 1st quarter, according to 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 quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.66% of Fidelity National Financial worth $118,664,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its stake in Fidelity National Financial by 80.0% during the 1st 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 during the period. Rise Advisors LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth $32,000. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth $32,000. Synergy Investment Management LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth $36,000. Finally, Olde Wealth Management LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth $40,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Up 0.9%

Shares of FNF traded up $0.51 during midday trading on Thursday, hitting $59.24. The stock had a trading volume of 513,477 shares, compared to its average volume of 1,533,131. The company has a 50 day simple moving average of $58.06 and a two-hundred day simple moving average of $59.01. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 15.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

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

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.

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.