Fidelity National Financial, Inc. (NYSE:FNF) Stake Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,509 shares of the financial services provider’s stock after acquiring an additional 12,368 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Fidelity National Financial worth $8,955,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Barclays PLC lifted its stake in Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after acquiring an additional 9,146 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Fidelity National Financial in the 4th quarter worth about $406,000. Donoghue Forlines LLC acquired a new position in Fidelity National Financial in the 4th quarter worth about $1,469,000. Finally, Empowered Funds LLC increased its position in Fidelity National Financial by 62.2% in the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider’s stock worth $3,836,000 after purchasing an additional 26,211 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $57.83 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 12.44 and a beta of 1.14. The business’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $60.38. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is 49.50%.

Analyst Ratings Changes

Several research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Tuesday, April 8th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

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.