Machina Capital S.A.S. Sells 2,676 Shares of Fidelity National Financial, Inc. $FNF

Machina Capital S.A.S. lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,836 shares of the financial services provider’s stock after selling 2,676 shares during the quarter. Machina Capital S.A.S.’s holdings in Fidelity National Financial were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Private Trust Co. NA lifted its holdings in shares of Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 206 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Fidelity National Financial by 29.3% in the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after acquiring an additional 40,835 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Fidelity National Financial by 39.0% in the 1st quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock worth $3,361,000 after acquiring an additional 14,485 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Fidelity National Financial by 2.5% in the 2nd quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth about $509,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.9%

NYSE FNF opened at $55.88 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 14.18 and a beta of 1.05. The company’s 50-day simple moving average is $58.12 and its two-hundred day simple moving average is $57.61. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72.

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 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%. Equities analysts forecast 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. Shareholders 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 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Finally, National Bankshares set a $64.00 price target 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 presently has a consensus rating of “Moderate Buy” and an average price target of $69.83.

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.