SHP Wealth Management Takes Position in Fidelity National Financial, Inc. $FNF

SHP Wealth Management purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,683 shares of the financial services provider’s stock, valued at approximately $802,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased 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 worth $40,975,000 after acquiring an additional 47,267 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of 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 valued at $941,000 after acquiring an additional 8,494 shares during the last quarter. Invesco Ltd. boosted its position in shares of Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after acquiring an additional 16,440 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of Fidelity National Financial in the second quarter valued at about $339,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Fidelity National Financial by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stephens reduced their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $56.25.

Fidelity National Financial Price Performance

FNF opened at $46.91 on Friday. The stock’s 50-day moving average price is $48.71 and its 200 day moving average price is $51.38. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.68 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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.