Capital Advisors Wealth Management LLC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 8.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,053 shares of the financial services provider’s stock after buying an additional 2,824 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Fidelity National Financial were worth $1,334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNF. Paragon Capital Management Ltd bought a new stake in Fidelity National Financial during the second quarter valued at $240,000. Verity & Verity LLC raised its position in Fidelity National Financial by 12.6% during the second quarter. Verity & Verity LLC now owns 225,631 shares of the financial services provider’s stock valued at $8,123,000 after purchasing an additional 25,166 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Fidelity National Financial by 373.8% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 2,568 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 2,026 shares in the last quarter. Macquarie Group Ltd. grew its position in Fidelity National Financial by 2.5% during the first quarter. Macquarie Group Ltd. now owns 818,283 shares of the financial services provider’s stock valued at $28,583,000 after acquiring an additional 19,778 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Fidelity National Financial by 16.9% in the 1st quarter. Brandywine Global Investment Management LLC now owns 439,527 shares of the financial services provider’s stock valued at $15,353,000 after purchasing an additional 63,647 shares in the last quarter. 77.16% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FNF has been the subject of several recent research reports. Truist Financial boosted their price objective on Fidelity National Financial from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. TheStreet raised Fidelity National Financial from a “c+” rating to a “b” rating in a research note on Wednesday, August 9th. Stephens restated an “overweight” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 17th. StockNews.com initiated coverage on shares of Fidelity National Financial in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, BTIG Research lifted their price objective on Fidelity National Financial from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.17.
Insiders Place Their Bets
In other news, CEO Michael Joseph Nolan sold 30,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $43.12, for a total transaction of $1,293,600.00. Following the transaction, the chief executive officer now directly owns 354,786 shares of the company’s stock, valued at $15,298,372.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.
Fidelity National Financial Stock Down 0.3 %
Shares of NYSE FNF traded down $0.11 on Monday, reaching $42.71. 363,807 shares of the company’s stock traded hands, compared to its average volume of 1,706,287. The business’s 50 day simple moving average is $40.09 and its two-hundred day simple moving average is $36.73. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.55. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 22.60 and a beta of 1.33. Fidelity National Financial, Inc. has a 12 month low of $31.84 and a 12 month high of $45.51.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Fidelity National Financial had a net margin of 4.57% and a return on equity of 15.89%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 3.7 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.80 annualized dividend and a yield of 4.21%. Fidelity National Financial’s dividend payout ratio is 95.24%.
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.
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