Versor Investments LP Purchases 12,707 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Versor Investments LP increased its holdings in Fidelity National Financial by 62.0% in the first quarter, owning 33,192 shares valued at approximately $2.16 million.
• Fidelity National Financial's recent quarterly earnings showed an EPS of $1.16, missing analysts' expectations of $1.40, while revenue increased by 15.1% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 3.4%, payable on September 30th.

Versor Investments LP boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 62.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,192 shares of the financial services provider's stock after acquiring an additional 12,707 shares during the quarter. Versor Investments LP's holdings in Fidelity National Financial were worth $2,160,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FNF. Gilbert & Cook Inc. boosted its stake in Fidelity National Financial by 3.0% in the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after buying an additional 168 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after purchasing an additional 175 shares in the last quarter. Commerce Bank lifted its stake in shares of Fidelity National Financial by 3.1% during the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC lifted its stake in shares of Fidelity National Financial by 3.2% during the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 178 shares during the period. Finally, Kaizen Financial Strategies lifted its stake in shares of Fidelity National Financial by 4.8% during the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 188 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 3.1%

Shares of Fidelity National Financial stock traded up $1.8420 during trading hours on Friday, hitting $61.2020. The company's stock had a trading volume of 296,077 shares, compared to its average volume of 1,579,858. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a 50 day moving average of $56.49 and a 200 day moving average of $58.88. The company has a market capitalization of $16.63 billion, a PE ratio of 15.54 and a beta of 1.02. 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 results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm's revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given 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 yield of 3.3%. Fidelity National Financial's dividend payout ratio is 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report 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. Based on data from MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and an average target price of $71.20.

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.