Natixis Advisors LLC Buys 6,397 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Natixis Advisors LLC has increased its stake in Fidelity National Financial, owning approximately $22.55 million worth of the company after acquiring additional shares in the first quarter.
• Fidelity National Financial reported earnings per share of $0.78 in its most recent quarter, missing analysts' expectations by $0.35 and showing a 17.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.5% dividend yield and a payout ratio of 49.50%.

Natixis Advisors LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 346,481 shares of the financial services provider's stock after buying an additional 6,397 shares during the period. Natixis Advisors LLC owned approximately 0.13% of Fidelity National Financial worth $22,549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pallas Capital Advisors LLC increased its holdings in 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. boosted its holdings in Fidelity National Financial by 5.8% during the first 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 during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in 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 in the last quarter. Private Trust Co. NA lifted its position in 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 in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Fidelity National Financial by 3.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after acquiring an additional 2,807 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.17 during midday trading on Wednesday, hitting $58.26. 607,882 shares of the company were exchanged, compared to its average volume of 1,601,345. The firm has a market capitalization of $16.00 billion, a P/E ratio of 14.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The firm's 50 day moving average price is $55.40 and its two-hundred day moving average price is $58.80. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm posted $0.91 EPS. The business's quarterly revenue was down 17.3% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.4%. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays decreased their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Moderate Buy" and an average target price of $71.20.

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.