Perpetual Ltd Makes New $384,000 Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Perpetual Ltd invested approximately $384,000 in Fidelity National Financial, Inc., acquiring 6,843 shares in the second quarter.
• Analysts recently adjusted their price target for Fidelity National Financial from $67.00 to $65.00, with an overall rating of "Moderate Buy."
• Fidelity National Financial declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 3.4%, to be paid on September 30th.

Perpetual Ltd acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,843 shares of the financial services provider's stock, valued at approximately $384,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC raised its position in shares of Fidelity National Financial by 80.0% in the first 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 during the period. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the first quarter valued at approximately $32,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Financial in the first quarter valued at approximately $32,000. Synergy Investment Management LLC bought a new stake in shares of Fidelity National Financial in the first quarter valued at approximately $36,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the first quarter valued at approximately $40,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

FNF stock traded up $0.23 during midday trading on Monday, reaching $58.92. The company had a trading volume of 1,211,284 shares, compared to its average volume of 1,200,894. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a market capitalization of $16.01 billion, a P/E ratio of 14.95 and a beta of 1.05. The firm has a 50-day moving average price of $58.45 and a 200-day moving average price of $58.85.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $3.64 billion. During the same period in the prior year, the firm earned $1.24 EPS. Fidelity National Financial's quarterly revenue was up 15.1% on a year-over-year basis. On average, 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 business also recently declared 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 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's payout ratio is currently 50.76%.

Analysts Set New Price Targets

Separately, Barclays lowered their price target on shares of 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial 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.