Ethic Inc. Has $1.82 Million Holdings in Fidelity National Financial, Inc. $FNF

Ethic Inc. cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.3% during the second quarter, HoldingsChannel.com reports. The firm owned 32,162 shares of the financial services provider’s stock after selling 6,258 shares during the quarter. Ethic Inc.’s holdings in Fidelity National Financial were worth $1,818,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its position in Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Rise Advisors LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at about $32,000. Blue Trust Inc. lifted its position in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Synergy Investment Management LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at about $36,000. Finally, Olde Wealth Management LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at about $40,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $57.09 on Friday. 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 stock has a market cap of $15.51 billion, a PE ratio of 14.49 and a beta of 1.05. The stock has a 50-day moving average of $58.71 and a 200-day moving average of $57.94. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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 3.5%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FNF shares. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Saturday. National Bankshares set a $64.00 price target on Fidelity National Financial in a research note on Monday, October 6th. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.