Oak Thistle LLC Buys Shares of 26,365 Fidelity National Financial, Inc. $FNF

Key Points

• Oak Thistle LLC filed a new Q4 13F stake in Fidelity National Financial of 26,365 shares, valued at about $1.439 million.
• FNF reported Q4 EPS of $1.41 (missing the $1.51 estimate) while revenue beat at $4.05B (+11.9% YoY); the company pays a $0.52 quarterly dividend (annualized $2.08, yield 4.4%) with a payout ratio of 97.65%.
• Institutional investors own 81.17% of the stock with managers like Goldman and Invesco recently adding to positions; the shares trade with a $12.92B market cap, a P/E of 22.42 and a 1‑year range of $42.78–$65.33.

Oak Thistle LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,365 shares of the financial services provider's stock, valued at approximately $1,439,000.

Several other large investors also recently added to or reduced their stakes in FNF. Goldman Sachs Group Inc. raised its stake in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider's stock valued at $40,975,000 after purchasing an additional 47,267 shares during the period. Acadian Asset Management LLC increased its stake in shares of Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider's stock worth $941,000 after acquiring an additional 8,494 shares during the last quarter. CW Advisors LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth $408,000. Invesco Ltd. increased its stake in shares of Fidelity National Financial by 2.0% in the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider's stock worth $45,979,000 after acquiring an additional 16,440 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Fidelity National Financial by 134.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,567 shares of the financial services provider's stock worth $200,000 after acquiring an additional 2,044 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 2.3%

NYSE FNF opened at $47.66 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $12.92 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year high of $65.33. The firm's fifty day simple moving average is $50.60 and its 200-day simple moving average is $54.44.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 17th. Fidelity National Financial's dividend payout ratio is presently 97.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. Barclays dropped their price target on shares of Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Finally, National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus target price of $65.33.

Fidelity National Financial Profile

Fidelity National Financial NYSE: FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.