Commerzbank Aktiengesellschaft FI Acquires Shares of 18,615 Fidelity National Financial, Inc. $FNF

Commerzbank Aktiengesellschaft FI bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,615 shares of the financial services provider’s stock, valued at approximately $878,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. Commonwealth Retirement Investments LLC acquired a new position in Fidelity National Financial during the 4th quarter worth approximately $28,000. Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at $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 worth $53,000 after acquiring an additional 353 shares during the last quarter. Torren Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at approximately $57,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $58,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FNF. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a report on Friday, August 7th. Stephens cut their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, Barclays increased their target price on Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.75.

Fidelity National Financial Trading Down 1.3%

Shares of NYSE:FNF opened at $48.48 on Wednesday. The company has a 50 day moving average of $49.29 and a 200-day moving average of $49.65. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market cap of $13.00 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.74 and a beta of 0.95. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 5.14 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 73.50%.

Fidelity National Financial Company 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.