4,251 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,251 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the second quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial in the fourth quarter worth about $27,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $30,000. Mather Group LLC. bought a new stake in shares of Fidelity National Financial in the first quarter valued at $31,000. Finally, Covestor Ltd lifted its holdings in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.13 on Thursday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $60.19. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The company has a market cap of $16.16 billion, a PE ratio of 19.45 and a beta of 1.36. The stock has a 50-day moving average price of $54.28 and a 200-day moving average price of $51.87.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.25%. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Ratings Changes

Several equities research analysts have issued reports on FNF shares. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.80.

About Fidelity National Financial

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.