Ritholtz Wealth Management Invests $331,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Ritholtz Wealth Management bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,091 shares of the financial services provider’s stock, valued at approximately $331,000.

Several other large investors have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the 1st quarter valued at $32,000. Wealth Enhancement Advisory Services LLC raised its stake in Fidelity National Financial by 29.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,249 shares of the financial services provider’s stock valued at $2,750,000 after acquiring an additional 9,616 shares in the last quarter. Verity & Verity LLC raised its stake in Fidelity National Financial by 1.7% during the 1st quarter. Verity & Verity LLC now owns 244,313 shares of the financial services provider’s stock valued at $15,900,000 after acquiring an additional 4,090 shares in the last quarter. Fifth Third Bancorp raised its stake in Fidelity National Financial by 19.2% during the 1st quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 610 shares in the last quarter. Finally, My Legacy Advisors LLC raised its stake in Fidelity National Financial by 2.3% during the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 197 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 0.7%

FNF opened at $54.50 on Friday. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock’s fifty day moving average is $58.08 and its 200-day moving average is $59.16. The company has a market capitalization of $14.97 billion, a PE ratio of 13.49 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. On average, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

Analyst Ratings Changes

Several analysts have weighed in on FNF shares. Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Barclays lifted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

Fidelity National Financial 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.