R Squared Ltd Trims Stock Holdings in Fidelity National Financial, Inc. $FNF

R Squared Ltd reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,958 shares of the financial services provider’s stock after selling 362 shares during the quarter. R Squared Ltd’s holdings in Fidelity National Financial were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fidelity National Financial during the second quarter worth about $151,000. Forum Financial Management LP increased its stake in Fidelity National Financial by 9.3% during the second quarter. Forum Financial Management LP now owns 8,089 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 690 shares during the period. D.A. Davidson & CO. increased its stake in Fidelity National Financial by 9.8% during the second quarter. D.A. Davidson & CO. now owns 49,907 shares of the financial services provider’s stock worth $2,798,000 after purchasing an additional 4,459 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Fidelity National Financial by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 73,492 shares of the financial services provider’s stock worth $4,176,000 after purchasing an additional 316 shares during the period. Finally, Stephens Inc. AR increased its stake in Fidelity National Financial by 29.3% during the second quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after purchasing an additional 40,835 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $57.09 on Friday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a market cap of $15.51 billion, a PE ratio of 14.49 and a beta of 1.05. 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 business has a 50-day simple moving average of $58.71 and a 200-day simple moving average of $57.94.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business 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%. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 yield of 3.5%. Fidelity National Financial’s payout ratio is presently 50.76%.

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.