41,990 Shares in Fidelity National Financial, Inc. $FNF Bought by Mubadala Investment Co PJSC

Key Points

• Mubadala Investment Co PJSC has acquired a new stake in Fidelity National Financial, purchasing 41,990 shares valued at approximately $2.73 million.
• Analysts have set a revised price target for Fidelity National Financial, lowering it from $67.00 to $65.00, with the average rating remaining a "Moderate Buy" and a target price of $71.20.
• Fidelity National Financial has announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.3%, with the ex-dividend date set for September 16th.

Mubadala Investment Co PJSC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,990 shares of the financial services provider's stock, valued at approximately $2,733,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Pallas Capital Advisors LLC grew its holdings in shares of Fidelity National Financial by 109.7% during the 1st 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 in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Fidelity National Financial by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after purchasing an additional 1,267 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after buying an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Fidelity National Financial by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock worth $5,540,000 after buying an additional 3,510 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after buying an additional 2,807 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.4%

Shares of FNF stock traded up $0.25 on Thursday, hitting $59.94. The company had a trading volume of 320,773 shares, compared to its average volume of 1,555,513. The firm has a market cap of $16.29 billion, a P/E ratio of 15.21 and a beta of 1.05. The stock's 50-day moving average is $57.42 and its two-hundred day moving average is $59.02. 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, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly 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 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 period 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. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is 50.76%.

Wall Street Analysts Forecast Growth

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 research report 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.20.

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.