IFM Investors Pty Ltd Has $2.79 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• IFM Investors Pty Ltd has reduced its holdings in Fidelity National Financial by 13.6%, owning 49,786 shares valued at approximately $2.79 million.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating on the stock.
• Fidelity National Financial announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 3.4% based on its recent share price.

IFM Investors Pty Ltd lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,786 shares of the financial services provider's stock after selling 7,858 shares during the quarter. IFM Investors Pty Ltd's holdings in Fidelity National Financial were worth $2,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC increased its position in shares of Fidelity National Financial by 109.7% in the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after purchasing an additional 6,405 shares during the period. Oppenheimer & Co. Inc. grew its position in Fidelity National Financial by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after acquiring an additional 1,267 shares during the last quarter. Private Trust Co. NA grew its position in Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Fidelity National Financial by 3.0% during the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after purchasing an additional 2,807 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 0.4%

Shares of NYSE FNF opened at $58.92 on Tuesday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The business's fifty day moving average price is $58.45 and its 200-day moving average price is $58.85. The stock has a market capitalization of $16.01 billion, a PE ratio of 14.95 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Fidelity National Financial's dividend payout ratio is 50.76%.

Fidelity National Financial Company 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.

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