Mutual of America Capital Management LLC Sells 4,045 Shares of Fidelity National Financial, Inc. $FNF

Mutual of America Capital Management LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,750 shares of the financial services provider’s stock after selling 4,045 shares during the period. Mutual of America Capital Management LLC’s holdings in Fidelity National Financial were worth $7,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after buying an additional 208 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Fidelity National Financial during the first quarter worth approximately $32,000. Synergy Investment Management LLC bought a new stake in shares of Fidelity National Financial during the first quarter worth approximately $36,000. Finally, REAP Financial Group LLC raised its stake in shares of Fidelity National Financial by 70.0% during the second quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock worth $39,000 after buying an additional 287 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average price target of $69.83.

Fidelity National Financial Price Performance

FNF stock opened at $56.12 on Tuesday. The company has a 50 day simple moving average of $58.99 and a 200 day simple moving average of $57.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 14.24 and a beta of 1.05.

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 (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Research 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Fidelity National Financial’s payout ratio is currently 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.