Transcend Capital Advisors LLC Makes New $367,000 Investment in Fidelity National Financial, Inc. $FNF

Transcend Capital Advisors LLC purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,543 shares of the financial services provider’s stock, valued at approximately $367,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity National Financial by 14.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 827,024 shares of the financial services provider’s stock worth $46,363,000 after buying an additional 104,024 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Fidelity National Financial by 5.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,059 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 1,588 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Fidelity National Financial by 22.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 79,759 shares of the financial services provider’s stock worth $4,471,000 after buying an additional 14,682 shares in the last quarter. VestGen Investment Management bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $420,000. Finally, Brighton Jones LLC boosted its holdings in shares of Fidelity National Financial by 191.8% during the 2nd quarter. Brighton Jones LLC now owns 9,949 shares of the financial services provider’s stock worth $558,000 after buying an additional 6,540 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Fidelity National Financial Trading Down 1.7%

NYSE FNF opened at $54.89 on Thursday. The firm has a market capitalization of $14.91 billion, a P/E ratio of 13.93 and a beta of 1.05. The business has a fifty day simple moving average of $58.51 and a 200 day simple moving average of $57.82. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. 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 (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.