Robeco Institutional Asset Management B.V. Buys 213,411 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Fidelity National Financial, Inc. by 342.8%, acquiring an additional 213,411 shares, bringing its total to 275,668 shares valued at approximately $15.45 million.
• Fidelity National Financial's stock has an average analyst rating of "Moderate Buy" with a consensus target price of $71.20, although Barclays has recently cut its price target to $65.00.
• The company has declared a quarterly dividend of $0.50 per share, with a dividend yield of 3.3%, as part of its financial performance showcasing a 15.1% increase in revenue year-over-year.

Robeco Institutional Asset Management B.V. increased its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 342.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,668 shares of the financial services provider's stock after purchasing an additional 213,411 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Fidelity National Financial worth $15,454,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FNF. Cary Street Partners Investment Advisory LLC raised its stake 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 buying an additional 208 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the 1st quarter worth about $32,000. Rise Advisors LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at about $32,000. Synergy Investment Management LLC purchased a new stake in Fidelity National Financial during the first quarter valued at about $36,000. Finally, Olde Wealth Management LLC purchased a new stake in Fidelity National Financial during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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. Weiss Ratings reissued a "buy (b)" rating on shares of Fidelity National Financial in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 0.6%

Shares of NYSE:FNF opened at $59.96 on Friday. The firm has a fifty day moving average price of $59.32 and a two-hundred day moving average price of $58.66. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05. 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 one year low of $50.61 and a one year high of $66.72.

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 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Fidelity National Financial's payout ratio is presently 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.

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