Vontobel Holding Ltd. Invests $260,000 in Fidelity National Financial, Inc. $FNF

Key Points

• Vontobel Holding Ltd. has invested approximately $260,000 in Fidelity National Financial, Inc., acquiring 4,643 shares during the second quarter.
• Institutional ownership of Fidelity National Financial is high, with 81.17% of the stock owned by institutional investors and hedge funds.
• Fidelity National Financial has recently announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.6%.

Vontobel Holding Ltd. acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,643 shares of the financial services provider's stock, valued at approximately $260,000.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Fidelity National Financial by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after acquiring an additional 1,267 shares in the last quarter. Private Trust Co. NA grew its position in Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after buying an additional 3,510 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Fidelity National Financial by 3.0% in the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after buying an additional 2,807 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Fidelity National Financial by 19.2% in the first quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider's stock valued at $247,000 after buying an additional 610 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of analyst reports. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a report on Monday, October 6th. Barclays reaffirmed a "cautious" rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.83.

Fidelity National Financial Trading Down 1.4%

NYSE:FNF opened at $56.13 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.25 billion, a PE ratio of 14.24 and a beta of 1.05. The firm's 50 day moving average is $59.16 and its 200 day moving average is $58.25. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.17 billion for the quarter. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.6%. Fidelity National Financial's dividend payout ratio is 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.

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