Allstate Corp Purchases 10,682 Shares of Fidelity National Financial, Inc. $FNF

Allstate Corp boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 109.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,411 shares of the financial services provider’s stock after acquiring an additional 10,682 shares during the period. Allstate Corp’s holdings in Fidelity National Financial were worth $1,114,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. raised its position in Fidelity National Financial by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after buying an additional 192 shares during the last quarter. Fiduciary Trust Co grew its stake in shares of Fidelity National Financial by 2.0% during the 3rd 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 grew its stake in shares of Fidelity National Financial by 5.3% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 243 shares during the period. 44 Wealth Management LLC grew its stake in shares of Fidelity National Financial by 1.7% during the 4th quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 255 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Fidelity National Financial by 7.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.5%

Shares of NYSE:FNF opened at $47.33 on Friday. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.69 and a beta of 1.00. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $48.25 and a 200-day moving average price of $52.56.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results 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). The company had revenue of $3.23 billion for 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 firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities analysts predict that Fidelity National Financial, Inc. will post 5.3 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FNF shares. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Stephens dropped their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a report on Monday, May 11th. Finally, Barclays decreased their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.25.

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.