SVB Wealth LLC Invests $41,000 in Fidelity National Financial, Inc. $FNF

SVB Wealth LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 633 shares of the financial services provider’s stock, valued at approximately $41,000.

Several other hedge funds have also recently modified their holdings of FNF. Stifel Financial Corp lifted its position in shares of Fidelity National Financial by 0.5% in the 4th quarter. Stifel Financial Corp now owns 103,615 shares of the financial services provider’s stock worth $5,817,000 after purchasing an additional 505 shares during the period. Capital Analysts LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $29,000. Susquehanna Fundamental Investments LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at approximately $2,953,000. Quarry LP lifted its position in Fidelity National Financial by 559.2% during the fourth quarter. Quarry LP now owns 1,358 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Fidelity National Financial by 19.9% during the fourth quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider’s stock valued at $141,208,000 after acquiring an additional 418,234 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays decreased their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial Trading Up 0.4%

NYSE FNF opened at $60.61 on Thursday. The company has a fifty day simple moving average of $56.98 and a two-hundred day simple moving average of $58.95. The stock has a market cap of $16.47 billion, a P/E ratio of 15.38 and a beta of 1.02. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.