Legal Advantage Investments Inc. Sells 1,150 Shares of Fidelity National Financial, Inc. $FNF

Legal Advantage Investments Inc. lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,730 shares of the financial services provider’s stock after selling 1,150 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Fidelity National Financial were worth $1,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNF. Blue Trust Inc. boosted its position 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 purchasing an additional 500 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position 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 purchasing an additional 208 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the 1st quarter worth about $32,000. Rise Advisors LLC bought a new position in shares of Fidelity National Financial during the 1st quarter worth about $32,000. Finally, Synergy Investment Management LLC bought a new position in Fidelity National Financial in the 1st quarter valued at about $36,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.9%

NYSE:FNF opened at $54.91 on Friday. 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 firm has a market cap of $14.92 billion, a price-to-earnings ratio of 13.94 and a beta of 1.05. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The firm has a 50-day moving average price of $59.29 and a two-hundred day moving average price of $58.38.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The firm 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, equities 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FNF shares. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.