Assenagon Asset Management S.A. Makes New Investment in Fidelity National Financial, Inc. $FNF

Assenagon Asset Management S.A. purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, Holdings Channel reports. The fund purchased 65,671 shares of the financial services provider’s stock, valued at approximately $3,585,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after buying an additional 47,267 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 8,494 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Fidelity National Financial by 35.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170,952 shares of the financial services provider’s stock worth $65,644,000 after purchasing an additional 305,507 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Fidelity National Financial by 3.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 106,121 shares of the financial services provider’s stock worth $5,950,000 after purchasing an additional 3,812 shares in the last quarter. Finally, Choreo LLC bought a new position in Fidelity National Financial in the 2nd quarter worth $1,000,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at $737,097.40. The trade was a 31.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by insiders.

Fidelity National Financial Trading Up 0.2%

FNF stock opened at $45.76 on Monday. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.58 and a beta of 0.99. The business has a 50 day simple moving average of $51.81 and a two-hundred day simple moving average of $55.14.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s payout ratio is currently 97.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. National Bank Financial set a $71.00 price target on Fidelity National Financial in a research report on Monday, February 23rd. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Barclays dropped their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

About Fidelity National Financial

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.