CX Institutional Has $1.09 Million Holdings in Fidelity National Financial, Inc. $FNF

CX Institutional lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,441 shares of the financial services provider’s stock after selling 237 shares during the quarter. CX Institutional’s holdings in Fidelity National Financial were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Rise Advisors LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $32,000. Synergy Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $36,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 1.1%

FNF opened at $59.20 on Friday. 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 market capitalization of $16.08 billion, a price-to-earnings ratio of 15.02 and a beta of 1.05. The business has a 50 day moving average of $58.80 and a 200-day moving average of $58.84.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.20.

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.