Farther Finance Advisors LLC Sells 262 Shares of Fidelity National Financial, Inc. $FNF

Farther Finance Advisors LLC trimmed its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,571 shares of the financial services provider’s stock after selling 262 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity National Financial were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Gilbert & Cook Inc. raised its position in shares of Fidelity National Financial by 3.0% during the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 168 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 175 shares in the last quarter. Commerce Bank increased its holdings in Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 177 shares in the last quarter. Peddock Capital Advisors LLC increased its holdings in Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 178 shares in the last quarter. Finally, My Legacy Advisors LLC increased its holdings in Fidelity National Financial by 2.3% in the first quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 197 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Down 1.1%

Shares of Fidelity National Financial stock opened at $59.76 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The stock has a 50 day moving average price of $59.01 and a two-hundred day moving average price of $58.74. The stock has a market capitalization of $16.24 billion, a PE ratio of 15.17 and a beta of 1.05.

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

Fidelity National Financial Announces Dividend

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

Analysts Set New Price Targets

Separately, Barclays lowered their target price 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.20.

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.