3,392 Shares in Fidelity National Financial, Inc. $FNF Bought by Faithward Advisors LLC

Faithward Advisors LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,392 shares of the financial services provider’s stock, valued at approximately $221,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider’s stock worth $1,768,543,000 after acquiring an additional 120,595 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after acquiring an additional 588,113 shares during the period. Victory Capital Management Inc. increased its stake in shares of Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock worth $534,585,000 after purchasing an additional 121,096 shares in the last quarter. Millennium Management LLC increased its stake in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after purchasing an additional 1,817,124 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Fidelity National Financial during the first quarter worth about $178,433,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays cut their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.20.

Fidelity National Financial Stock Down 0.8%

Shares of NYSE FNF opened at $59.98 on Wednesday. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The stock has a market cap of $16.30 billion, a PE ratio of 15.22 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $57.72 and a 200 day moving average of $59.08.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

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.