Cooke & Bieler LP lowered its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,333,640 shares of the financial services provider's stock after selling 134,913 shares during the period. Fidelity National Financial makes up approximately 3.5% of Cooke & Bieler LP's investment portfolio, making the stock its biggest holding. Cooke & Bieler LP owned approximately 1.94% of Fidelity National Financial worth $347,113,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock valued at $1,518,829,000 after acquiring an additional 150,493 shares in the last quarter. Victory Capital Management Inc. raised its stake in Fidelity National Financial by 1.5% in the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after buying an additional 121,096 shares in the last quarter. Geode Capital Management LLC raised its stake in Fidelity National Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after buying an additional 34,634 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Fidelity National Financial by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock worth $190,060,000 after buying an additional 16,095 shares in the last quarter. Finally, Norges Bank bought a new position in Fidelity National Financial in the fourth quarter worth approximately $158,386,000. Institutional investors own 81.17% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on FNF shares. Barclays reduced their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.20.
Check Out Our Latest Report on Fidelity National Financial
Fidelity National Financial Stock Up 0.9%
NYSE FNF traded up $0.48 on Friday, hitting $54.99. The stock had a trading volume of 6,913,610 shares, compared to its average volume of 1,333,322. The business's fifty day moving average price is $55.30 and its 200 day moving average price is $58.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. 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 cap of $15.10 billion, a price-to-earnings ratio of 13.61 and a beta of 1.02.
Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.
About Fidelity National Financial
(
Free Report)
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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