BNP Paribas Financial Markets Has $19.10 Million Stock Position in Fidelity National Financial, Inc. $FNF

BNP Paribas Financial Markets lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 68.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 349,860 shares of the financial services provider’s stock after purchasing an additional 141,709 shares during the quarter. BNP Paribas Financial Markets owned 0.12% of Fidelity National Financial worth $19,099,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $26,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 429 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Fidelity National Financial in the second quarter worth about $32,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 353 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $57,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 2.9%

Shares of NYSE:FNF opened at $47.37 on Friday. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The business’s 50 day moving average is $48.46 and its 200 day moving average is $52.15.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FNF shares. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Barclays cut their price target on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a research note on Monday, May 11th. Stephens cut their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $56.25.

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.