Amundi Pioneer Asset Management Inc. reduced its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 31.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,334,462 shares of the financial services provider’s stock after selling 612,281 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.49% of Fidelity National Financial worth $48,774,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in FNF. Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter worth approximately $116,541,000. FMR LLC raised its holdings in shares of Fidelity National Financial by 14.9% in the fourth quarter. FMR LLC now owns 12,842,297 shares of the financial services provider’s stock valued at $403,763,000 after purchasing an additional 1,665,150 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of Fidelity National Financial by 92.1% in the first quarter. Miller Howard Investments Inc. NY now owns 2,112,678 shares of the financial services provider’s stock valued at $77,218,000 after purchasing an additional 1,013,138 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Fidelity National Financial by 15.9% in the first quarter. Wells Fargo & Company MN now owns 6,095,081 shares of the financial services provider’s stock valued at $222,776,000 after purchasing an additional 836,632 shares during the last quarter. Finally, Strycker View Capital LLC acquired a new stake in shares of Fidelity National Financial in the first quarter valued at approximately $20,818,000. Hedge funds and other institutional investors own 82.77% of the company’s stock.
A number of research firms have recently issued reports on FNF. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Compass Point upgraded shares of Realogy from a “sell” rating to a “neutral” rating in a report on Monday, July 8th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, June 5th. Piper Jaffray Companies lowered their price objective on shares of CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Finally, SunTrust Banks lifted their price objective on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Fidelity National Financial currently has an average rating of “Buy” and an average price target of $45.82.
Fidelity National Financial (NYSE:FNF) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.09%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. On average, equities analysts anticipate that Fidelity National Financial Inc will post 2.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a yield of 2.90%. Fidelity National Financial’s payout ratio is 45.93%.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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