State of Wisconsin Investment Board boosted its position in Fidelity National Financial Inc (NYSE:FNF) by 25.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,263 shares of the financial services provider’s stock after purchasing an additional 47,090 shares during the quarter. State of Wisconsin Investment Board’s holdings in Fidelity National Financial were worth $8,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at $26,000. Covington Capital Management purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at $40,000. Icon Wealth Partners LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at $42,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at $65,000. Finally, Huntington National Bank raised its position in shares of Fidelity National Financial by 16.6% during the 1st quarter. Huntington National Bank now owns 1,927 shares of the financial services provider’s stock valued at $70,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.
FNF stock opened at $39.86 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Fidelity National Financial Inc has a 52 week low of $29.50 and a 52 week high of $41.41. The firm has a market cap of $10.96 billion, a P/E ratio of 14.76 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, June 13th. Fidelity National Financial’s dividend payout ratio is currently 45.93%.
Several research firms have recently weighed in on FNF. ValuEngine cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Piper Jaffray Companies raised their price objective on shares of Fidelity National Financial from $44.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Compass Point cut shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.50 to $43.75 in a research report on Monday, April 29th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price objective on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.96.
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Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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