Centiva Capital LP Takes $624,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Centiva Capital LP bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,120 shares of the financial services provider’s stock, valued at approximately $624,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth about $29,000. Parkside Financial Bank & Trust increased its position in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at approximately $37,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $44,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.83 on Friday. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The company has a 50-day moving average price of $62.72 and a 200 day moving average price of $60.38. The company has a market cap of $15.88 billion, a P/E ratio of 12.44 and a beta of 1.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.46%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 8th. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.