Atria Investments Inc Increases Stake in Fidelity National Financial, Inc. $FNF

Atria Investments Inc increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 50.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 38,558 shares of the financial services provider’s stock after buying an additional 12,851 shares during the period. Atria Investments Inc’s holdings in Fidelity National Financial were worth $2,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA grew its stake in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock valued at $48,000 after buying an additional 206 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Fidelity National Financial by 21.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 8,482 shares of the financial services provider’s stock worth $552,000 after buying an additional 1,522 shares during the period. IFM Investors Pty Ltd boosted its holdings in Fidelity National Financial by 10.5% in the first quarter. IFM Investors Pty Ltd now owns 63,710 shares of the financial services provider’s stock valued at $3,954,000 after acquiring an additional 6,066 shares during the last quarter. Penserra Capital Management LLC grew its position in Fidelity National Financial by 21.1% during the first quarter. Penserra Capital Management LLC now owns 17,747 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 3,096 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Fidelity National Financial by 5.4% during the first quarter. TD Private Client Wealth LLC now owns 13,608 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 702 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNF. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Five investment 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.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $69.83.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $55.34 on Tuesday. The firm has a market capitalization of $15.04 billion, a PE ratio of 14.05 and a beta of 1.05. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The stock’s 50 day moving average price is $58.21 and its 200 day moving average price is $57.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24.

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

Fidelity National Financial Announces Dividend

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

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.