Kingsview Wealth Management LLC Increases Position in Fidelity National Financial, Inc. $FNF

Kingsview Wealth Management LLC increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 400.5% in the second quarter, Holdings Channel.com reports. The firm owned 51,590 shares of the financial services provider’s stock after acquiring an additional 41,282 shares during the period. Kingsview Wealth Management LLC’s holdings in Fidelity National Financial were worth $2,892,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Csenge Advisory Group grew its position in shares of Fidelity National Financial by 5.5% in the 1st quarter. Csenge Advisory Group now owns 6,249 shares of the financial services provider’s stock worth $386,000 after buying an additional 324 shares during the last quarter. South Dakota Investment Council bought a new position in shares of Fidelity National Financial during the first quarter valued at $260,000. Allianz Asset Management GmbH raised its holdings in Fidelity National Financial by 1.4% in the first quarter. Allianz Asset Management GmbH now owns 139,074 shares of the financial services provider’s stock worth $9,051,000 after buying an additional 1,920 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Fidelity National Financial by 65.0% in the 1st quarter. Crestwood Advisors Group LLC now owns 29,245 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 11,517 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Fidelity National Financial in the 1st quarter worth about $201,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF opened at $57.76 on Wednesday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The stock has a 50-day moving average of $57.58 and a two-hundred day moving average of $57.22. 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 stock has a market cap of $15.66 billion, a P/E ratio of 14.66 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced 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, research analysts predict 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 paid a $0.52 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial’s dividend payout ratio is 48.37%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNF. Stephens assumed coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Thursday, November 13th. Finally, National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

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.