BayBridge Capital Group LLC Has $252,000 Stock Holdings in Fidelity National Financial, Inc. $FNF

BayBridge Capital Group LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,500 shares of the financial services provider’s stock after acquiring an additional 428 shares during the period. BayBridge Capital Group LLC’s holdings in Fidelity National Financial were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its holdings in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 168 shares in the last quarter. Journey Strategic Wealth LLC raised its holdings in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 175 shares during the last quarter. Commerce Bank increased its stake in shares of Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 177 shares during the last quarter. Peddock Capital Advisors LLC increased its holdings in Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies increased its position in Fidelity National Financial by 4.8% in the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 188 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Fidelity National Financial Trading Up 2.1%

Shares of FNF stock opened at $60.38 on Friday. The business has a 50-day moving average price of $58.91 and a two-hundred day moving average price of $58.81. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The firm has a market cap of $16.41 billion, a P/E ratio of 15.33 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last released its earnings results 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 company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the firm posted $1.24 earnings per share. Fidelity National Financial’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts anticipate 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

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.