Brighton Jones LLC Acquires 6,540 Shares of Fidelity National Financial, Inc. $FNF

Brighton Jones LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 191.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,949 shares of the financial services provider’s stock after purchasing an additional 6,540 shares during the quarter. Brighton Jones LLC’s holdings in Fidelity National Financial were worth $558,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its stake in Fidelity National Financial by 2.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 83,820 shares of the financial services provider’s stock valued at $4,699,000 after purchasing an additional 1,798 shares during the period. AlphaQuest LLC raised its holdings in Fidelity National Financial by 19.5% in the 2nd quarter. AlphaQuest LLC now owns 10,792 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 1,761 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Fidelity National Financial by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 681,697 shares of the financial services provider’s stock valued at $38,216,000 after acquiring an additional 64,413 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Fidelity National Financial by 16.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 112,858 shares of the financial services provider’s stock valued at $6,327,000 after acquiring an additional 15,651 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Fidelity National Financial in the 2nd quarter valued at approximately $151,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 1.7%

Shares of FNF opened at $54.89 on Thursday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. 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 stock has a 50 day simple moving average of $58.51 and a 200-day simple moving average of $57.82. The stock has a market cap of $14.91 billion, a PE ratio of 13.93 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.17 billion during the quarter. On average, 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 was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FNF shares. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. National Bankshares set a $64.00 price target on Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Five research 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, the company has a consensus rating of “Moderate Buy” and an average price target 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.