Cyndeo Wealth Partners LLC Increases Position in Fidelity National Financial, Inc. $FNF

Cyndeo Wealth Partners LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 109.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,759 shares of the financial services provider’s stock after purchasing an additional 4,054 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Fidelity National Financial were worth $435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 0.4% during 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. increased its position in shares of Fidelity National Financial by 7.0% during 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 position 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 acquiring an additional 121,096 shares during the period. Millennium Management LLC increased its position 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 acquiring an additional 1,817,124 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Fidelity National Financial during the first quarter worth $178,433,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $54.91 on Friday. The firm has a market capitalization of $14.92 billion, a PE ratio of 13.94 and a beta of 1.05. The business’s fifty day moving average price is $59.29 and its 200 day moving average price is $58.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS 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 for the quarter. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid 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 dividend payout ratio is currently 50.76%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday, October 6th. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.83.

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.