Maven Securities LTD Invests $358,000 in Fidelity National Financial, Inc. $FNF

Key Points

• Maven Securities LTD has acquired 5,500 shares of Fidelity National Financial, Inc. (NYSE:FNF) valued at approximately $358,000 during the first quarter of the year.
• Institutional investors own about 81.17% of Fidelity National Financial, with significant recent increases in holdings by companies like Pallas Capital Advisors LLC and Cambridge Investment Research Advisors Inc.
• The company has declared a quarterly dividend of $0.50 per share, representing a 3.4% dividend yield, with an upcoming payout on September 30th.

Maven Securities LTD bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,500 shares of the financial services provider's stock, valued at approximately $358,000.

A number of other institutional investors also recently made changes to their positions in FNF. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $32,000. Synergy Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $36,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $40,000. 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 report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Performance

NYSE FNF traded down $0.36 during trading hours on Monday, hitting $60.46. The company had a trading volume of 117,457 shares, compared to its average volume of 1,573,826. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $56.61 and a 200-day simple moving average of $58.91. The firm has a market cap of $16.43 billion, a P/E ratio of 15.36 and a beta of 1.02.

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 for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Fidelity National Financial's quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business 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. 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 (DPR) is currently 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.