Strs Ohio Purchases 36,445 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Strs Ohio increased its stake in Fidelity National Financial by 586.3% in Q4, buying 36,445 shares to hold 42,661 shares worth about $2.33 million.
• FNF pays a quarterly dividend of $0.52 (annualized $2.08) for a yield of roughly 4.1%, though its payout ratio is high at about 97.7%.
• FNF's latest quarter missed EPS estimates ($1.41 vs. $1.51) but revenue rose 11.9% to $4.05 billion; analysts give a consensus rating of "Moderate Buy" with an average target of $62.67 amid mixed price‑target changes.

Strs Ohio raised its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 586.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,661 shares of the financial services provider's stock after buying an additional 36,445 shares during the quarter. Strs Ohio's holdings in Fidelity National Financial were worth $2,329,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fidelity National Financial in the 3rd quarter worth about $14,576,000. Cooke & Bieler LP boosted its holdings in Fidelity National Financial by 12.3% in the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider's stock valued at $318,081,000 after purchasing an additional 574,189 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $3,585,000. Versor Investments LP increased its holdings in shares of Fidelity National Financial by 257.8% during the third quarter. Versor Investments LP now owns 26,963 shares of the financial services provider's stock worth $1,631,000 after purchasing an additional 19,428 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Fidelity National Financial by 745.2% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 22,752 shares of the financial services provider's stock worth $1,291,000 after purchasing an additional 20,060 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.1%

FNF stock opened at $51.16 on Wednesday. The firm has a 50-day moving average price of $48.64 and a 200-day moving average price of $53.44. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $64.98. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $13.77 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Fidelity National Financial's payout ratio is presently 97.65%.

Analyst Ratings Changes

Several brokerages recently issued reports on FNF. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. Weiss Ratings downgraded Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 2nd. National Bank Financial set a $67.00 target price on Fidelity National Financial in a report on Friday, April 10th. Finally, Barclays decreased their price target on Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.67.

About Fidelity National Financial

Fidelity National Financial NYSE: FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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