Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Fidelity National Financial by 4.7%, now owning 146,014 shares valued at approximately $9.5 million.
• Fidelity National Financial reported a loss in earnings per share of $0.78 for the last quarter, missing estimates by $0.35, and saw a 17.3% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.5%, with a payout ratio of 49.5%.

Federated Hermes Inc. raised its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 146,014 shares of the financial services provider's stock after buying an additional 6,608 shares during the period. Federated Hermes Inc. owned about 0.05% of Fidelity National Financial worth $9,503,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FNF. Invesco Ltd. boosted its holdings in shares of Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after purchasing an additional 764,958 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 135.8% during the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Fidelity National Financial by 8,302.5% during the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after purchasing an additional 619,197 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $33,103,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on FNF. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a report on Tuesday, April 8th. Barclays cut their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Stock Up 0.2%

Shares of FNF stock traded up $0.11 on Wednesday, reaching $58.20. 478,438 shares of the stock were exchanged, compared to its average volume of 1,600,512. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $55.40 and its 200 day moving average price is $58.80. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 14.40 and a beta of 1.02. 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 issued its quarterly earnings data 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). The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is 49.50%.

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.