MWA Asset Management Purchases Shares of 34,414 Fidelity National Financial, Inc. $FNF

by · The Cerbat Gem

MWA Asset Management acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 34,414 shares of the financial services provider’s stock, valued at approximately $1,687,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Fidelity National Financial by 31.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 18,615 shares of the financial services provider’s stock worth $863,000 after buying an additional 4,441 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares during the period. SEB Asset Management AB bought a new position in Fidelity National Financial in the 1st quarter valued at about $13,359,000. Swiss National Bank lifted its position in Fidelity National Financial by 6.8% during the first quarter. Swiss National Bank now owns 755,900 shares of the financial services provider’s stock worth $35,059,000 after acquiring an additional 48,300 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. lifted its position in Fidelity National Financial by 122.7% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 30,031 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 16,546 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FNF shares. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. National Bank Financial set a $51.00 price target on Fidelity National Financial in a report on Tuesday, July 7th. Stephens reduced their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Barclays upped their price objective on Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.00.

Read Our Latest Stock Report on Fidelity National Financial

Insiders Place Their Bets

In other news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Performance

NYSE FNF opened at $50.84 on Tuesday. The firm has a 50-day moving average price of $48.15 and a two-hundred day moving average price of $50.17. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The company has a market capitalization of $13.68 billion, a P/E ratio of 18.58, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 5.19 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

About Fidelity National Financial

(Free Report)

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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