Strycker View Capital LLC Acquires New Stake in Fidelity National Financial Inc (FNF)

Strycker View Capital LLC acquired a new stake in shares of Fidelity National Financial Inc (NYSE:FNF) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 569,578 shares of the financial services provider’s stock, valued at approximately $20,818,000. Fidelity National Financial accounts for about 8.7% of Strycker View Capital LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Huntington National Bank lifted its position in Fidelity National Financial by 16.6% during the first quarter. Huntington National Bank now owns 1,927 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 275 shares during the last quarter. Brinker Capital Inc. lifted its position in Fidelity National Financial by 3.5% during the fourth quarter. Brinker Capital Inc. now owns 9,087 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 304 shares during the last quarter. Hotaling Investment Management LLC lifted its position in Fidelity National Financial by 1.1% during the first quarter. Hotaling Investment Management LLC now owns 33,481 shares of the financial services provider’s stock valued at $1,224,000 after purchasing an additional 375 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Fidelity National Financial by 3.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,915 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 416 shares during the last quarter. Finally, Athena Capital Advisors LLC lifted its position in Fidelity National Financial by 1.0% during the fourth quarter. Athena Capital Advisors LLC now owns 52,382 shares of the financial services provider’s stock valued at $1,647,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

Several equities research analysts have recently issued reports on FNF shares. SunTrust Banks raised their target price on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Compass Point started coverage on shares of Fidelity National Financial in a report on Thursday, January 24th. They issued a “buy” rating and a $43.25 target price for the company. Zacks Investment Research upgraded shares of Fidelity National Financial from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, January 15th. ValuEngine lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Finally, Barclays restated a “buy” rating and issued a $42.00 target price on shares of Fidelity National Financial in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $43.79.

Shares of Fidelity National Financial stock traded up $0.37 during trading on Friday, hitting $39.36. The stock had a trading volume of 787,138 shares, compared to its average volume of 888,652. The firm has a market capitalization of $10.82 billion, a PE ratio of 14.58 and a beta of 0.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Fidelity National Financial Inc has a 12 month low of $29.50 and a 12 month high of $41.41.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.58 billion. Fidelity National Financial had a net margin of 9.67% and a return on equity of 16.03%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. As a group, sell-side analysts predict that Fidelity National Financial Inc will post 2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.31 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.

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About Fidelity National Financial

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

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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