34,975 Shares in Fidelity National Financial, Inc. $FNF Bought by Foster & Motley Inc.

Foster & Motley Inc. acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,975 shares of the financial services provider’s stock, valued at approximately $1,649,000.

Several other institutional investors have also recently added to or reduced their stakes in FNF. Commonwealth Retirement Investments LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial in the second quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 353 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in Fidelity National Financial during the fourth quarter worth $58,000. Finally, Torren Management LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF opened at $48.46 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.72 and a beta of 0.95. The company’s 50 day simple moving average is $49.31 and its 200 day simple moving average is $49.61. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 5.14 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. Fidelity National Financial’s payout ratio is presently 73.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens cut their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday, August 7th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average price target of $56.75.

Insider Activity at Fidelity National Financial

In related news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.