Concord Wealth Partners acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,505 shares of the financial services provider’s stock, valued at approximately $57,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FNF. Salem Investment Counselors Inc. acquired a new position in Fidelity National Financial during the 2nd quarter valued at approximately $26,000. Paragon Wealth Strategies LLC acquired a new position in Fidelity National Financial during the 3rd quarter worth $29,000. Ten Capital Wealth Advisors LLC acquired a new position in Fidelity National Financial during the 3rd quarter worth $31,000. Ronald Blue Trust Inc. boosted its position in Fidelity National Financial by 729.2% during the 4th quarter. Ronald Blue Trust Inc. now owns 995 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 875 shares during the period. Finally, Trust Co. of Vermont acquired a new position in Fidelity National Financial during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on FNF shares. Credit Suisse Group reiterated an “outperform” rating and set a $47.00 price target on shares of Fidelity National Financial in a research report on Thursday, March 2nd. StockNews.com started coverage on Fidelity National Financial in a research report on Thursday, March 16th. They set a “hold” rating for the company. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, February 28th. Finally, Barclays reduced their price target on Fidelity National Financial from $48.00 to $46.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $48.60.
Fidelity National Financial Stock Up 0.5 %
Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.22). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.98 billion. Fidelity National Financial had a return on equity of 22.52% and a net margin of 9.83%. The firm’s quarterly revenue was down 46.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. On average, equities analysts predict that Fidelity National Financial, Inc. will post 4.61 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Thursday, March 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 44.23%.
Fidelity National Financial Profile
Fidelity National Financial, Inc engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.
Read More
- Get a free copy of the StockNews.com research report on Fidelity National Financial (FNF)
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