IFP Advisors Inc Purchases 1,952 Shares of Fidelity National Financial, Inc. $FNF

IFP Advisors Inc increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,941 shares of the financial services provider’s stock after purchasing an additional 1,952 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity National Financial were worth $3,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNF. Farther Finance Advisors LLC grew its stake in Fidelity National Financial by 81.3% in the first quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 2,615 shares in the last quarter. GAMMA Investing LLC grew its stake in Fidelity National Financial by 29.1% in the first quarter. GAMMA Investing LLC now owns 9,629 shares of the financial services provider’s stock worth $627,000 after purchasing an additional 2,171 shares in the last quarter. SG Americas Securities LLC grew its stake in Fidelity National Financial by 208.4% in the first quarter. SG Americas Securities LLC now owns 63,018 shares of the financial services provider’s stock worth $4,101,000 after purchasing an additional 42,583 shares in the last quarter. Fifth Third Bancorp grew its stake in Fidelity National Financial by 19.2% in the first quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 610 shares in the last quarter. Finally, Verity & Verity LLC grew its stake in Fidelity National Financial by 1.7% in the first quarter. Verity & Verity LLC now owns 244,313 shares of the financial services provider’s stock worth $15,900,000 after purchasing an additional 4,090 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF opened at $54.91 on Friday. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a fifty day moving average price of $59.29 and a 200-day moving average price of $58.43. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.92 billion, a PE ratio of 13.94 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion during the quarter. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 50.76%.

Analysts Set New Price Targets

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