Fidelity National Financial, Inc. $FNF Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its holdings in Fidelity National Financial, Inc. by 15.2%, owning a total of 254,595 shares valued at approximately $16.57 million.
• Barclays lowered the price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating while the stock has a consensus rating of "Moderate Buy" with an average target price of $71.20.
• Fidelity National Financial announced a quarterly dividend of $0.50 per share, reflecting a 3.3% yield, with the payout ratio set at 50.76%.

Gotham Asset Management LLC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,595 shares of the financial services provider's stock after buying an additional 33,686 shares during the period. Gotham Asset Management LLC owned about 0.09% of Fidelity National Financial worth $16,569,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FNF. Cary Street Partners Investment Advisory LLC increased 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. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC purchased a new stake in shares of Fidelity National Financial in the 1st quarter valued at approximately $36,000. Olde Wealth Management LLC purchased a new stake in shares of Fidelity National Financial in the 1st quarter valued at approximately $40,000. Finally, SVB Wealth LLC purchased a new stake in shares of Fidelity National Financial in the 1st quarter valued at approximately $41,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price objective on shares of 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Down 0.8%

Shares of NYSE:FNF traded down $0.48 during trading hours on Tuesday, reaching $59.98. The stock had a trading volume of 1,085,703 shares, compared to its average volume of 1,553,094. The firm's 50 day moving average is $57.72 and its 200-day moving average is $59.08. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its 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). 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 previous year, the company posted $1.24 EPS. The company's quarterly revenue was up 15.1% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced 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 3.3%. 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.