Fidelity National Financial, Inc. $FNF Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,730 shares of the financial services provider’s stock after selling 2,609 shares during the period. Foster & Motley Inc.’s holdings in Fidelity National Financial were worth $2,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. Blue Trust Inc. boosted its stake in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Fidelity National Financial by 80.0% during 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 Fidelity National Financial during the 1st quarter valued at about $32,000. Synergy Investment Management LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at about $36,000. Finally, REAP Financial Group LLC boosted its stake in Fidelity National Financial by 70.0% during the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 287 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 0.2%

NYSE FNF opened at $55.20 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day simple moving average is $59.04 and its 200 day simple moving average is $58.04. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a market capitalization of $15.00 billion, a P/E ratio of 14.01 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion for the quarter. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.83.

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.