Fidelity National Financial, Inc. $FNF Stock Acquired by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 59.3% during the third quarter, Holdings Channel reports. The institutional investor owned 123,280 shares of the financial services provider’s stock after acquiring an additional 45,899 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Fidelity National Financial were worth $4,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in Fidelity National Financial in the second quarter valued at approximately $7,047,000. Wedge Capital Management L L P NC lifted its stake in shares of Fidelity National Financial by 23.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 711,994 shares of the financial services provider’s stock valued at $33,578,000 after purchasing an additional 134,228 shares during the period. Bank of America Corp DE grew its position in Fidelity National Financial by 4.5% during the first quarter. Bank of America Corp DE now owns 787,136 shares of the financial services provider’s stock valued at $36,507,000 after buying an additional 33,943 shares during the period. Squarepoint Ops LLC increased its holdings in Fidelity National Financial by 74.4% in the second quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock valued at $32,464,000 after buying an additional 293,761 shares in the last quarter. Finally, Railway Pension Investments Ltd raised its position in shares of Fidelity National Financial by 190.2% in the second quarter. Railway Pension Investments Ltd now owns 278,600 shares of the financial services provider’s stock worth $13,139,000 after acquiring an additional 182,600 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $38.79 on Friday. The company has a market cap of $10.40 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.59 and a beta of 0.94. Fidelity National Financial, Inc. has a twelve month low of $37.88 and a twelve month high of $60.37. The company’s 50-day moving average price is $45.05 and its 200-day moving average price is $47.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. Fidelity National Financial’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $0.52 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.4%. Fidelity National Financial’s dividend payout ratio is 73.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FNF. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Stephens reiterated an “overweight” rating and set a $55.00 price target on shares of Fidelity National Financial in a research report on Monday, August 24th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Barclays dropped their price objective on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.25.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.