Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 70,181 shares of Fidelity National Financial, Inc. valued at approximately $4.57 million during the first quarter of the year.
• In the fourth quarter, Norges Bank and other hedge funds significantly increased their holdings, with hedge funds now owning 81.17% of Fidelity National Financial's stock.
• Fidelity National Financial experienced a 17.3% year-over-year revenue decline, reporting earnings of $0.78 per share for the last quarter, missing estimates by $0.35.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 70,181 shares of the financial services provider's stock, valued at approximately $4,567,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the first quarter valued at approximately $32,000. Capital Analysts LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $29,000. Synergy Investment Management LLC acquired a new position in Fidelity National Financial in the first quarter valued at approximately $36,000. Olde Wealth Management LLC acquired a new position in Fidelity National Financial in the first quarter valued at approximately $40,000. Finally, Private Trust Co. NA boosted its stake in Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.1%

FNF stock traded up $0.04 during mid-day trading on Tuesday, reaching $57.06. 943,263 shares of the stock traded hands, compared to its average volume of 1,624,341. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a market cap of $15.67 billion, a P/E ratio of 14.12 and a beta of 1.02. The stock's fifty day moving average is $55.07 and its 200-day moving average is $58.79.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the firm earned $0.91 EPS. The company's revenue was down 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Barclays cut their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial 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.