Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. increased its stake in Fidelity National Financial by 4.3%, holding approximately 0.16% of the company, valued at $28.5 million.
• Fidelity National Financial is projected to report earnings of $6.28 per share for the current year, despite a recent earnings miss, with revenues down 17.3% year-over-year.
• The company recently paid a quarterly dividend of $0.50 per share, resulting in an annualized yield of 3.4% and a payout ratio of 49.5%.

PNC Financial Services Group Inc. increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,964 shares of the financial services provider's stock after buying an additional 18,057 shares during the period. PNC Financial Services Group Inc. owned 0.16% of Fidelity National Financial worth $28,503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at approximately $32,000. Synergy Investment Management LLC acquired a new stake in Fidelity National Financial in the 1st quarter valued at $36,000. Olde Wealth Management LLC purchased a new stake in Fidelity National Financial in the 1st quarter worth $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Fidelity National Financial during the fourth quarter worth $44,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their target price 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Trading Up 0.9%

Fidelity National Financial stock traded up $0.51 during midday trading on Friday, hitting $58.43. 404,848 shares of the stock were exchanged, compared to its average volume of 1,603,590. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock's 50-day simple moving average is $55.49 and its 200 day simple moving average is $58.80. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 14.83 and a beta of 1.02.

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 the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.33%. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

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.