Fidelity National Financial, Inc. $FNF Shares Bought by IFP Advisors Inc

IFP Advisors Inc boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 60,941 shares of the financial services provider’s stock after acquiring an additional 1,952 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity National Financial were worth $3,416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Fidelity National Financial by 0.4% during the 1st 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 stake in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after buying an additional 588,113 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Fidelity National Financial by 1.5% during the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after buying an additional 121,096 shares during the last quarter. Millennium Management LLC raised its stake in shares of Fidelity National Financial by 93.3% during the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after buying an additional 1,817,124 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at about $178,433,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $54.91 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The business has a 50-day moving average price of $59.29 and a 200 day moving average price of $58.43. The firm has a market cap of $14.92 billion, a PE ratio of 13.94 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion during the quarter. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s payout ratio is presently 50.76%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FNF shares. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research note on Monday. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

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.