Fairfax Financial Holdings Ltd. Can Has $677,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Fairfax Financial Holdings Ltd. Can reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 30.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,390 shares of the financial services provider’s stock after selling 8,610 shares during the period. Fairfax Financial Holdings Ltd. Can’s holdings in Fidelity National Financial were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MYDA Advisors LLC acquired a new position in shares of Fidelity National Financial in the first quarter worth approximately $1,048,000. Ossiam lifted its stake in shares of Fidelity National Financial by 71.3% in the first quarter. Ossiam now owns 3,331 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,387 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Fidelity National Financial by 14.1% in the first quarter. Pzena Investment Management LLC now owns 1,190,941 shares of the financial services provider’s stock worth $41,600,000 after acquiring an additional 147,468 shares during the period. XTX Topco Ltd acquired a new position in shares of Fidelity National Financial in the first quarter worth approximately $606,000. Finally, Candriam S.C.A. acquired a new position in shares of Fidelity National Financial in the first quarter worth approximately $468,000. 77.16% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

Shares of FNF opened at $42.80 on Friday. Fidelity National Financial, Inc. has a 12-month low of $31.84 and a 12-month high of $45.51. The business’s fifty day moving average is $39.40 and its 200 day moving average is $36.66. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.55. The stock has a market cap of $11.65 billion, a P/E ratio of 22.65 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Fidelity National Financial had a return on equity of 15.89% and a net margin of 4.57%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. Fidelity National Financial’s revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 3.7 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is currently 95.24%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FNF. StockNews.com started coverage on Fidelity National Financial in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet upgraded Fidelity National Financial from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. Truist Financial increased their price target on Fidelity National Financial from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Stephens restated an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a report on Thursday, August 17th. Finally, BTIG Research increased their price target on Fidelity National Financial from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.17.

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.