Hahn Capital Management LLC Purchases 19,483 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Hahn Capital Management LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 20.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,098 shares of the financial services provider’s stock after acquiring an additional 19,483 shares during the period. Fidelity National Financial comprises about 2.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. Hahn Capital Management LLC’s holdings in Fidelity National Financial were worth $5,688,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the second quarter valued at $26,000. V Square Quantitative Management LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at about $27,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the first quarter worth about $30,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial in the first quarter worth about $31,000. Finally, Covestor Ltd boosted its stake in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $58.83 on Friday. The stock has a 50 day moving average price of $54.67 and a 200 day moving average price of $51.96. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $60.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $16.07 billion, a P/E ratio of 19.35 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Fidelity National Financial’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FNF shares. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus price target of $61.80.

About Fidelity National Financial

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.