Fidelity National Financial, Inc. $FNF Stock Position Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,858 shares of the financial services provider’s stock after acquiring an additional 15,651 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Fidelity National Financial were worth $6,327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Fidelity National Financial by 29.1% during the first quarter. GAMMA Investing LLC now owns 9,629 shares of the financial services provider’s stock valued at $627,000 after buying an additional 2,171 shares in the last quarter. Avidian Wealth Enterprises LLC grew its holdings in shares of Fidelity National Financial by 11.1% during the first quarter. Avidian Wealth Enterprises LLC now owns 4,786 shares of the financial services provider’s stock valued at $311,000 after buying an additional 478 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Fidelity National Financial during the first quarter valued at $251,000. Rossby Financial LCC purchased a new position in shares of Fidelity National Financial during the first quarter valued at $62,000. Finally, Moody Lynn & Lieberson LLC purchased a new position in shares of Fidelity National Financial during the first quarter valued at $222,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

NYSE FNF opened at $55.79 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock’s 50-day moving average is $58.60 and its two-hundred day moving average is $57.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $15.16 billion, a P/E ratio of 14.16 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.17 billion for the quarter. On average, 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 business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FNF. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $69.83.

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.