Focus Partners Advisor Solutions LLC Lowers Position in Fidelity National Financial, Inc. $FNF

Focus Partners Advisor Solutions LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 17.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,441 shares of the financial services provider’s stock after selling 1,374 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Fidelity National Financial were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FNF. Blue Trust Inc. raised its position in Fidelity National Financial by 4,545.5% in the 2nd 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 during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock valued at $30,000 after buying an additional 208 shares during the last quarter. Rise Advisors LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at $32,000. Synergy Investment Management LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at $36,000. Finally, REAP Financial Group LLC raised its position in Fidelity National Financial by 70.0% in the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after buying an additional 287 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.3%

FNF stock opened at $55.10 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 company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 13.99 and a beta of 1.05. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock has a fifty day moving average of $58.42 and a 200-day moving average of $57.80.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company 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%. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date 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 is presently 50.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Barclays restated 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 objective on Fidelity National Financial in a research note on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Fidelity National Financial presently has an average 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.