DekaBank Deutsche Girozentrale Lowers Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

DekaBank Deutsche Girozentrale lessened its position in Fidelity National Financial, Inc. (NYSE:FNF) by 11.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 64,869 shares of the financial services provider’s stock after selling 8,307 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Financial were worth $3,184,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the second quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth approximately $27,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial during the 1st quarter worth approximately $30,000. Mather Group LLC. acquired a new position in shares of Fidelity National Financial in the first quarter worth $31,000. Finally, Covestor Ltd grew its stake in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF opened at $60.99 on Thursday. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 20.06 and a beta of 1.36. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $61.71. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $56.46 and a 200 day moving average price of $52.49.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $1.01 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of recent research reports. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Truist Financial upped their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and a consensus target price of $61.80.

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.