Fidelity National Financial, Inc. $FNF Shares Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 134.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,603 shares of the financial services provider’s stock after purchasing an additional 13,553 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Fidelity National Financial were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in Fidelity National Financial in the fourth quarter valued at $26,000. Commonwealth Retirement Investments LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in Fidelity National Financial during the 2nd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 acquiring an additional 353 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $48.88 on Friday. The stock’s 50-day moving average is $48.44 and its two-hundred day moving average is $50.65. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.72 and a beta of 0.96. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

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 analysts’ consensus estimates 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 firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts predict that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Stephens lowered their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research note on Monday, May 11th. Finally, Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.50.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by company insiders.

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.