Sciencast Management LP Makes New Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Sciencast Management LP has acquired a new stake in Fidelity National Financial, purchasing 13,212 shares valued at approximately $860,000 in the first quarter.
• The firm announced a quarterly dividend of $0.50 per share, reflecting a 3.3% yield, with a record date of September 16th.
• Analysts have a consensus rating of "Moderate Buy" for Fidelity National Financial, with an average price target of $71.20, despite Barclays reducing its price target to $65.00.

Sciencast Management LP acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,212 shares of the financial services provider's stock, valued at approximately $860,000.

Several other institutional investors have also recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. acquired a new position in shares of Fidelity National Financial during the first quarter valued at about $571,000. Goldman Sachs Group Inc. raised its holdings in shares of Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider's stock valued at $40,975,000 after purchasing an additional 47,267 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Fidelity National Financial by 101.0% during the first quarter. Dynamic Technology Lab Private Ltd now owns 19,240 shares of the financial services provider's stock valued at $1,252,000 after purchasing an additional 9,670 shares during the period. Teza Capital Management LLC acquired a new position in shares of Fidelity National Financial during the first quarter valued at about $696,000. Finally, Scientech Research LLC acquired a new position in shares of Fidelity National Financial during the first quarter valued at about $955,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Fidelity National Financial Stock Down 0.2%

FNF stock traded down $0.12 during trading on Friday, reaching $60.56. The stock had a trading volume of 838,469 shares, compared to its average volume of 1,544,734. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $57.82 and its two-hundred day moving average is $59.09. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 15.37 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (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 firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The company's revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio is currently 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.