Robeco Institutional Asset Management B.V. increased its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 8.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 167,230 shares of the financial services provider’s stock after buying an additional 13,046 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Fidelity National Financial were worth $6,739,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Fidelity National Financial during the 1st quarter worth about $26,000. Icon Wealth Partners LLC purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $42,000. Financial Gravity Wealth Inc. purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $65,000. Huntington National Bank boosted its position in shares of 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 buying an additional 275 shares during the last quarter. Finally, Group One Trading L.P. purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $82,000. Institutional investors and hedge funds own 82.85% of the company’s stock.
FNF stock traded up $0.29 during midday trading on Tuesday, hitting $42.76. The company’s stock had a trading volume of 3,676 shares, compared to its average volume of 1,444,549. The company’s 50-day moving average is $41.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. Fidelity National Financial Inc has a 1 year low of $29.50 and a 1 year high of $43.59. The stock has a market cap of $11.77 billion, a PE ratio of 15.73 and a beta of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.90%. Fidelity National Financial’s dividend payout ratio is presently 45.93%.
Several research analysts recently issued reports on the company. Compass Point raised Fidelity National Financial from a “neutral” rating to a “buy” rating in a research report on Monday, July 8th. SunTrust Banks boosted their price objective on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Susquehanna Bancshares initiated coverage on Fidelity National Financial in a research report on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price objective on the stock. Finally, Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.82.
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.
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