Versor Investments LP Acquires 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 lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 62.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,192 shares of the financial services provider's stock after purchasing an additional 12,707 shares during the period. Versor Investments LP's holdings in Fidelity National Financial were worth $2,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FNF. Vanguard Group Inc. grew its position in Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock worth $1,768,543,000 after buying an additional 120,595 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after acquiring an additional 588,113 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 1.5% in the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after acquiring an additional 121,096 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fidelity National Financial by 0.5% during 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 purchasing an additional 16,095 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Fidelity National Financial during the first quarter valued at $178,433,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 1.4%

Shares of FNF stock traded up $0.8040 during trading on Tuesday, hitting $59.4940. 1,301,460 shares of the company were exchanged, compared to its average volume of 1,462,140. The business's 50-day simple moving average is $56.36 and its 200 day simple moving average is $58.87. 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 capitalization of $16.17 billion, a price-to-earnings ratio of 15.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio is presently 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.