Royal Bank of Canada Has $130.62 Million Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Royal Bank of Canada has increased its holdings in Fidelity National Financial by 0.3%, now owning approximately $130.62 million worth of shares.
• Barclays has reduced its price target for Fidelity National Financial from $67.00 to $65.00 while maintaining an "equal weight" rating on the stock.
• Fidelity National Financial has announced a quarterly dividend of $0.50 per share, with an ex-dividend date set for September 16th, representing a 3.4% annual yield.

Royal Bank of Canada increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,007,085 shares of the financial services provider's stock after acquiring an additional 5,205 shares during the period. Royal Bank of Canada owned about 0.73% of Fidelity National Financial worth $130,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Nuveen LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at about $178,433,000. GAMMA Investing LLC boosted its holdings in Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after buying an additional 619,197 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after purchasing an additional 588,113 shares in the last quarter. Millennium Management LLC lifted its stake in Fidelity National Financial by 41.2% in the 4th quarter. Millennium Management LLC now owns 1,946,962 shares of the financial services provider's stock worth $109,302,000 after purchasing an additional 568,013 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Fidelity National Financial in the 1st quarter worth approximately $25,037,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Price Performance

FNF stock opened at $58.60 on Wednesday. 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 cap of $15.92 billion, a P/E ratio of 14.87 and a beta of 1.05. The firm has a 50-day moving average of $57.33 and a 200 day moving average of $59.02. 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 (NYSE:FNF - Get Free Report) last posted its quarterly earnings data 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). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm earned $1.24 EPS. The company's revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.4%. Fidelity National Financial's payout ratio is presently 50.76%.

About Fidelity National Financial

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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