22/04/2024 11:36 PM

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Strs Ohio Has $2.35 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)


Strs Ohio increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNFGet Rating) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 48,147 shares of the financial services provider’s stock after purchasing an additional 1,789 shares during the period. Strs Ohio’s holdings in Fidelity National Financial were worth $2,351,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Fidelity National Financial by 2.1% during the fourth quarter. BlackRock Inc. now owns 33,708,680 shares of the financial services provider’s stock worth $1,758,921,000 after purchasing an additional 677,196 shares during the period. Geode Capital Management LLC grew its holdings in Fidelity National Financial by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 4,843,334 shares of the financial services provider’s stock worth $252,440,000 after purchasing an additional 158,115 shares during the period. Norges Bank bought a new position in Fidelity National Financial during the fourth quarter worth about $222,689,000. First Trust Advisors LP grew its holdings in Fidelity National Financial by 16.8% during the fourth quarter. First Trust Advisors LP now owns 4,101,033 shares of the financial services provider’s stock worth $213,992,000 after purchasing an additional 590,651 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Fidelity National Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,840,616 shares of the financial services provider’s stock worth $148,215,000 after purchasing an additional 23,159 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.

NYSE FNF opened at $37.12 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.38. Fidelity National Financial, Inc. has a 1-year low of $34.59 and a 1-year high of $56.44. The company has a 50 day moving average of $39.37 and a 200-day moving average of $45.19. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 4.78 and a beta of 1.41.

Fidelity National Financial (NYSE:FNFGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a net margin of 14.10% and a return on equity of 24.56%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were given a $0.44 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.74%. Fidelity National Financial’s payout ratio is 22.68%.

FNF has been the subject of a number of research analyst reports. Barclays reduced their price objective on Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th. Credit Suisse Group reduced their price objective on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, April 1st. StockNews.com initiated coverage on Fidelity National Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a report on Monday, May 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.67.

Fidelity National Financial Profile (Get Rating)

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 insurance.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)



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