VestGen Investment Management Takes Position in Fidelity National Financial, Inc. $FNF

VestGen Investment Management acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,485 shares of the financial services provider’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also modified their holdings of FNF. Nuveen LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $178,433,000. Millennium Management LLC lifted its position in 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 worth $244,967,000 after acquiring an additional 1,817,124 shares in the last quarter. AQR Capital Management LLC lifted its position in Fidelity National Financial by 70.6% during the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after acquiring an additional 824,562 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 worth $585,785,000 after acquiring an additional 588,113 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $25,037,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FNF has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Saturday. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, National Bankshares set a $64.00 price objective on Fidelity National Financial in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $57.09 on Friday. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month 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 company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 14.49 and a beta of 1.05. The business has a 50 day simple moving average of $58.71 and a 200-day simple moving average of $57.94.

Fidelity National Financial (NYSE:FNF) last issued 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 business had revenue of $3.17 billion during the quarter. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

Fidelity National Financial Company 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.