Wealth Enhancement Advisory Services LLC Cuts Position in Fidelity National Financial, Inc. $FNF

Wealth Enhancement Advisory Services LLC trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 6.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,416 shares of the financial services provider’s stock after selling 2,833 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Financial were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $62,000. Toronto Dominion Bank boosted its holdings in Fidelity National Financial by 6.9% in the fourth quarter. Toronto Dominion Bank now owns 33,943 shares of the financial services provider’s stock valued at $1,906,000 after purchasing an additional 2,198 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Fidelity National Financial by 421.4% in the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider’s stock valued at $1,977,000 after purchasing an additional 28,468 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Fidelity National Financial by 113.8% in the first quarter. Versant Capital Management Inc now owns 3,697 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 1,968 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Fidelity National Financial by 8,302.5% in the first quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider’s stock valued at $40,783,000 after purchasing an additional 619,197 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $60.38 on Monday. The company has a market capitalization of $16.41 billion, a P/E ratio of 15.33 and a beta of 1.05. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The business has a 50 day simple moving average of $58.91 and a 200-day simple moving average of $58.78. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Fidelity National Financial’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price target on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.20.

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.