Foster & Motley Inc. Has $2.51 Million Holdings in Fidelity National Financial, Inc. $FNF

Foster & Motley Inc. lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.5% during the second quarter, Holdings Channel reports. The fund owned 44,730 shares of the financial services provider’s stock after selling 2,609 shares during the quarter. Foster & Motley Inc.’s holdings in Fidelity National Financial were worth $2,508,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Fidelity National Financial by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 1,267 shares during the period. Private Trust Co. NA raised its holdings in shares of Fidelity National Financial by 38.7% during the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fidelity National Financial by 4.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider’s stock valued at $5,540,000 after acquiring an additional 3,510 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Fidelity National Financial by 3.0% during the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider’s stock valued at $6,326,000 after acquiring an additional 2,807 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Fidelity National Financial by 39.0% during the first quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock valued at $3,361,000 after acquiring an additional 14,485 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

FNF has been the topic of several research reports. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Stock Performance

Shares of FNF opened at $55.20 on Friday. The company’s fifty day moving average is $59.04 and its 200-day moving average is $58.04. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 14.01 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

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 company had revenue of $3.17 billion for the quarter. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio is 50.76%.

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.