Ethic Inc. Has $1.82 Million Position in Fidelity National Financial, Inc. $FNF

Ethic Inc. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 32,162 shares of the financial services provider’s stock after selling 6,258 shares during the period. Ethic Inc.’s holdings in Fidelity National Financial were worth $1,818,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Blue Trust Inc. lifted its holdings in shares of 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 worth $29,000 after acquiring an additional 500 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 worth $30,000 after acquiring an additional 208 shares during the period. Rise Advisors LLC bought a new position in shares of Fidelity National Financial during the 1st quarter worth about $32,000. Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial during the 1st quarter worth about $36,000. Finally, REAP Financial Group LLC lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 287 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FNF shares. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a report on Monday, October 6th. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $69.83.

Fidelity National Financial Stock Up 0.6%

Shares of NYSE FNF opened at $57.09 on Friday. The firm’s 50-day simple moving average is $58.71 and its 200 day simple moving average is $57.94. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 14.49 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, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72.

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 business 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%. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.5%. Fidelity National Financial’s dividend payout ratio 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.