Fox Run Management L.L.C. Acquires 4,646 Shares of Fidelity National Financial, Inc. $FNF

Fox Run Management L.L.C. raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 49.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,994 shares of the financial services provider’s stock after acquiring an additional 4,646 shares during the quarter. Fox Run Management L.L.C.’s holdings in Fidelity National Financial were worth $785,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Fidelity National Financial by 80.0% in 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 bought a new stake in Fidelity National Financial in the first quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Fidelity National Financial by 4,545.5% in the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after buying an additional 500 shares during the period. SVB Wealth LLC bought a new position in Fidelity National Financial during the first quarter worth about $41,000. Finally, REAP Financial Group LLC grew its position in shares of Fidelity National Financial by 70.0% during the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock worth $39,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FNF shares. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research note 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, National Bankshares set a $64.00 price objective 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. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Stock Up 4.5%

Shares of FNF stock opened at $57.03 on Monday. The firm has a fifty day moving average of $57.85 and a 200-day moving average of $57.49. 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 12-month low of $50.61 and a 12-month high of $66.72. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 14.47 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion for 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 fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio is 48.37%.

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.