1834 Investment Advisors Co. Decreases Stock Position in Fidelity National Financial, Inc. $FNF

1834 Investment Advisors Co. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,450 shares of the financial services provider’s stock after selling 1,608 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Fidelity National Financial were worth $5,968,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pallas Capital Advisors LLC raised its stake in shares of Fidelity National Financial by 109.7% in the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 6,405 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Fidelity National Financial by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 1,267 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider’s stock worth $5,540,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Fidelity National Financial by 3.0% in the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider’s stock worth $6,326,000 after purchasing an additional 2,807 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 2.1%

Fidelity National Financial stock opened at $60.38 on Friday. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 15.33 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 business’s 50-day moving average price is $58.91 and its 200 day moving average price is $58.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial 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.