Fidelity National Financial, Inc. $FNF Stock Holdings Decreased by Carret Asset Management LLC

Carret Asset Management LLC lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% during the second quarter, HoldingsChannel.com reports. The firm owned 26,190 shares of the financial services provider’s stock after selling 500 shares during the period. Carret Asset Management LLC’s holdings in Fidelity National Financial were worth $1,468,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake in 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 valued at $29,000 after buying an additional 500 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in 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 purchasing an additional 208 shares during the last quarter. Rise Advisors LLC acquired a new position in Fidelity National Financial in the first quarter worth $32,000. Synergy Investment Management LLC bought a new stake in Fidelity National Financial during the first quarter valued at $36,000. Finally, REAP Financial Group LLC raised its holdings 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 purchasing an additional 287 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $54.89 on Thursday. The firm has a 50-day moving average of $58.51 and a two-hundred day moving average of $57.82. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The firm has a market capitalization of $14.91 billion, a PE ratio of 13.93 and a beta of 1.05.

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

Fidelity National Financial Dividend Announcement

The business 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 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s payout ratio is 50.76%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FNF shares. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note 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 reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Fidelity National Financial 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.