Louisiana State Employees Retirement System Invests $3.43 Million in Fidelity National Financial, Inc. $FNF

Louisiana State Employees Retirement System acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 74,000 shares of the financial services provider’s stock, valued at approximately $3,432,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth about $26,000. Commonwealth Retirement Investments LLC acquired a new position in Fidelity National Financial in the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in Fidelity National Financial in the second quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC raised its position in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 353 shares in the last quarter. Finally, Torren Management LLC bought a new position in Fidelity National Financial during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $46.65 on Friday. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The company has a fifty day simple moving average of $48.62 and a 200 day simple moving average of $50.97. 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 company has a market cap of $12.56 billion, a P/E ratio of 17.05, a P/E/G 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 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 firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business earned $0.78 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 5.29 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 4.5%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analyst Upgrades and Downgrades

Several analysts have commented on FNF shares. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday. 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. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Finally, National Bank Financial set a $50.00 target price on Fidelity National Financial in a report on Monday, May 11th. Two equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.50.

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.