Passumpsic Savings Bank Purchases New Position in Fidelity National Financial, Inc. $FNF

Passumpsic Savings Bank purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, Holdings Channel reports. The firm purchased 11,139 shares of the financial services provider’s stock, valued at approximately $608,000.

Other large investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at approximately $26,000. Canton Hathaway LLC bought a new position in Fidelity National Financial in the fourth quarter worth approximately $26,000. Atlantic Union Bankshares Corp raised its stake in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares in the last quarter. Headlands Technologies LLC bought a new position in Fidelity National Financial in the second quarter worth approximately $32,000. Finally, Root Financial Partners LLC bought a new position in Fidelity National Financial in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FNF shares. 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. Barclays reduced 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. Stephens reduced 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. Keefe, Bruyette & Woods reduced 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $47.88 on Monday. The business’s fifty day simple moving average is $48.21 and its 200-day simple moving average is $53.03. The company has a market cap of $12.89 billion, a PE ratio of 17.50, a PEG ratio of 0.68 and a beta of 1.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 5.4 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

About Fidelity National Financial

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.