PharVision Advisers LLC Takes $565,000 Position in Fidelity National Financial, Inc. $FNF

Key Points

• PharVision Advisers LLC has acquired a new stake in Fidelity National Financial, purchasing 8,675 shares valued at approximately $565,000, making it the firm's 8th largest holding.
• Fidelity National Financial reported $1.16 earnings per share for the most recent quarter, missing the consensus estimate of $1.40, though revenue was up 15.1% year-over-year.
• The company announced a quarterly dividend of $0.50, yielding 3.3%, with the dividend payout ratio at 50.76%.

PharVision Advisers LLC acquired 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 Securities and Exchange Commission (SEC). The fund acquired 8,675 shares of the financial services provider's stock, valued at approximately $565,000. Fidelity National Financial makes up approximately 0.8% of PharVision Advisers LLC's portfolio, making the stock its 8th largest position.

A number of other large investors have also bought and sold shares of FNF. BNP Paribas Financial Markets grew its position in Fidelity National Financial by 8.4% in the 4th quarter. BNP Paribas Financial Markets now owns 159,509 shares of the financial services provider's stock worth $8,955,000 after purchasing an additional 12,368 shares during the period. Captrust Financial Advisors lifted its stake in shares of Fidelity National Financial by 13.4% in the 4th quarter. Captrust Financial Advisors now owns 17,975 shares of the financial services provider's stock valued at $1,009,000 after purchasing an additional 2,124 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $729,000. Centiva Capital LP purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $624,000. Finally, Cetera Investment Advisers grew its position in shares of Fidelity National Financial by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 49,866 shares of the financial services provider's stock worth $2,799,000 after buying an additional 2,688 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Price Performance

Shares of FNF stock traded down $0.48 during trading hours on Tuesday, hitting $59.98. The company had a trading volume of 1,085,703 shares, compared to its average volume of 1,109,846. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm's fifty day moving average is $57.72 and its 200 day moving average is $59.08. 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 (NYSE:FNF - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

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.