BNP Paribas Financial Markets Raises Holdings in Fidelity National Financial, Inc. $FNF

BNP Paribas Financial Markets grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 68.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 349,860 shares of the financial services provider’s stock after purchasing an additional 141,709 shares during the quarter. BNP Paribas Financial Markets’ holdings in Fidelity National Financial were worth $19,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at $26,000. Atlantic Union Bankshares Corp raised its stake in shares of Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares during the period. Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 353 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 2.9%

Shares of NYSE:FNF opened at $47.37 on Friday. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. The firm has a market capitalization of $12.75 billion, a P/E ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.96. The stock has a 50 day moving average price of $48.46 and a 200-day moving average price of $52.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (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 period in the prior year, the company posted $0.78 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FNF. Stephens decreased their price objective on 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. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research note on Monday, May 11th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, Barclays decreased their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.25.

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.