Resona Asset Management Co. Ltd. Boosts Stock Holdings in Fidelity National Financial, Inc. $FNF

Resona Asset Management Co. Ltd. lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,891 shares of the financial services provider’s stock after purchasing an additional 7,445 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Fidelity National Financial were worth $4,764,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FNF. 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 purchasing an additional 208 shares in the last quarter. Rise Advisors LLC acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $32,000. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 500 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Fidelity National Financial in the 1st quarter valued at $41,000. Finally, REAP Financial Group LLC grew its stake in shares of Fidelity National Financial by 70.0% during the second quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $57.03 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 14.47 and a beta of 1.05. The firm’s fifty day moving average price is $57.85 and its 200 day moving average price is $57.49. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

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

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is presently 48.37%.

Wall Street Analysts Forecast Growth

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

Fidelity National Financial Company 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.