Fidelity National Financial, Inc. $FNF Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 177.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,532 shares of the financial services provider’s stock after purchasing an additional 88,523 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Fidelity National Financial worth $6,425,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Canton Hathaway LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $26,000. Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial during the 2nd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $57,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNF. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a report on Monday, May 11th. Stephens reduced their price target on shares of 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.50.

Fidelity National Financial Trading Down 0.1%

Fidelity National Financial stock opened at $46.65 on Monday. The firm has a 50 day simple moving average of $48.62 and a 200-day simple moving average of $50.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $12.56 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $0.78 EPS. Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Fidelity National Financial 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.