Impact Partnership Wealth LLC Reduces Holdings in Fidelity National Financial, Inc. $FNF

Impact Partnership Wealth LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,978 shares of the financial services provider’s stock after selling 1,232 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Fidelity National Financial were worth $391,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FNF. Nuveen LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $178,433,000. Millennium Management LLC grew its holdings in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after purchasing an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 70.6% during the first quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after purchasing an additional 824,562 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after purchasing an additional 588,113 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Fidelity National Financial during the first quarter worth about $25,037,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.3%

Shares of NYSE:FNF opened at $55.10 on Friday. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 13.99 and a beta of 1.05. The firm’s 50-day simple moving average is $58.42 and its 200-day simple moving average is $57.80. 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, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

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

Fidelity National Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.