Eurizon Capital SGR S.p.A. Buys New Stake in Fidelity National Financial, Inc. $FNF

Eurizon Capital SGR S.p.A. bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 24,675 shares of the financial services provider’s stock, valued at approximately $1,350,000.

Several other large investors have also recently bought and sold shares of the business. Windacre Partnership LLC increased its holdings in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares during the last quarter. State Street Corp boosted its stake in Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after acquiring an additional 31,318 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Fidelity National Financial by 0.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after acquiring an additional 54,756 shares in the last quarter. AQR Capital Management LLC boosted its stake in Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after acquiring an additional 2,174,220 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Fidelity National Financial by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 4,777,274 shares of the financial services provider’s stock valued at $260,060,000 after acquiring an additional 47,639 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stephens decreased their price objective on shares of 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 decreased their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Price Performance

Shares of FNF opened at $46.48 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The firm has a 50-day simple moving average of $48.29 and a 200-day simple moving average of $52.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share 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 analyst estimates of $3.61 billion. During the same quarter last year, the company posted $0.78 EPS. Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio is 75.91%.

Fidelity National Financial 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.