UBS Group AG Has $90.86 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

UBS Group AG grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 8.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,664,396 shares of the financial services provider’s stock after acquiring an additional 136,268 shares during the quarter. UBS Group AG’s holdings in Fidelity National Financial were worth $90,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Goldman Sachs Group Inc. lifted its stake in shares of Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares during the period. Acadian Asset Management LLC raised its stake in Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after buying an additional 8,494 shares during the period. Invesco Ltd. raised its stake in Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after buying an additional 16,440 shares during the period. Brown Advisory Inc. acquired a new position in Fidelity National Financial during the 2nd quarter worth approximately $339,000. Finally, Daiwa Securities Group Inc. raised its stake in Fidelity National Financial by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after buying an additional 500 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 1.2%

FNF stock opened at $51.66 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day simple moving average is $48.66 and its 200 day simple moving average is $53.50. The company has a market cap of $13.90 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $65.33.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.06% and a net margin of 4.17%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. On average, research analysts expect that Fidelity National Financial, Inc. will post 6 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

FNF has been the topic of a number of research reports. Barclays dropped 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 note on Monday, April 6th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, National Bank Financial set a $67.00 price target on Fidelity National Financial in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Fidelity National Financial Company Profile

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.