UBS Group AG Purchases 136,268 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• UBS Group AG increased its stake in Fidelity National Financial by 8.9%, purchasing 136,268 shares to hold 1,664,396 shares (about 0.59% of the company), valued at roughly $90.86 million at the end of the quarter.
• FNF reported quarterly EPS of $1.41 (missing estimates by $0.10) while revenue rose 11.9% to $4.05 billion; the company pays a quarterly dividend of $0.52 (annualized $2.08) for a 4.0% yield with a high payout ratio of 97.65%.
• Analysts are mixed—two Buy and two Hold ratings produce an average MarketBeat rating of Moderate Buy with an average price target of $62.67, though several firms have trimmed targets recently (e.g., Keefe to $67, Barclays to $54).

UBS Group AG increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,664,396 shares of the financial services provider's stock after acquiring an additional 136,268 shares during the period. UBS Group AG owned about 0.59% of Fidelity National Financial worth $90,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co grew its position in Fidelity National Financial by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider's stock worth $715,000 after acquiring an additional 228 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in Fidelity National Financial by 5.3% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider's stock worth $263,000 after acquiring an additional 243 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Fidelity National Financial by 7.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider's stock worth $212,000 after buying an additional 277 shares during the period. Pathstone Holdings LLC lifted its holdings in Fidelity National Financial by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,267 shares of the financial services provider's stock worth $1,891,000 after buying an additional 304 shares during the period. Finally, Accurate Wealth Management LLC lifted its holdings in Fidelity National Financial by 6.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 5,510 shares of the financial services provider's stock worth $314,000 after buying an additional 321 shares during the period. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNF. National Bank Financial set a $67.00 target price on Fidelity National Financial in a report on Friday, April 10th. Wall Street Zen downgraded 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 report on Monday, March 2nd. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating on the stock in a report on Friday, April 10th. Finally, Barclays cut their target price on Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.67.

Fidelity National Financial Stock Down 1.2%

Shares of FNF opened at $51.66 on Friday. The company has a market capitalization of $13.90 billion, a PE ratio of 24.30, a PEG ratio of 0.66 and a beta of 1.01. 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's 50-day moving average price is $48.66 and its two-hundred day moving average price is $53.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $65.33.

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

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, March 17th. Fidelity National Financial's payout ratio is currently 97.65%.

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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