Legal Advantage Investments Inc. Decreases Position in Fidelity National Financial, Inc. $FNF

Legal Advantage Investments Inc. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,730 shares of the financial services provider’s stock after selling 1,150 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Fidelity National Financial were worth $1,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in shares of Fidelity National Financial by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider’s stock worth $1,509,000 after purchasing an additional 1,267 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fidelity National Financial by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider’s stock worth $5,540,000 after purchasing an additional 3,510 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider’s stock worth $6,326,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of 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 worth $247,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.9%

Shares of NYSE:FNF opened at $54.91 on Friday. The firm has a fifty day moving average price of $59.29 and a two-hundred day moving average price of $58.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 13.94 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.17 billion during the quarter. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.76%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

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.