Eurizon Capital SGR S.p.A. Makes New Investment in Fidelity National Financial, Inc. $FNF

Eurizon Capital SGR S.p.A. bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,675 shares of the financial services provider’s stock, valued at approximately $1,350,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in Fidelity National Financial by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 192 shares during the period. Fiduciary Trust Co raised its position in Fidelity National Financial by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 228 shares during the period. Centennial Wealth Advisory LLC raised its position in Fidelity National Financial by 5.3% in the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 243 shares during the period. 44 Wealth Management LLC raised its position in Fidelity National Financial by 1.7% in the fourth quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 255 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Fidelity National Financial by 7.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FNF. Stephens cut their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. National Bank Financial set a $50.00 target price on Fidelity National Financial in a research report on Monday, May 11th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Stock Up 0.1%

Fidelity National Financial stock opened at $46.48 on Wednesday. The firm has a market capitalization of $12.51 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.67 and a beta of 0.96. The stock’s fifty day simple moving average is $48.29 and its 200-day simple moving average is $52.44. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is 75.91%.

Fidelity National Financial Company 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.