D.A. Davidson & CO. Boosts Holdings in Fidelity National Financial, Inc. $FNF

D.A. Davidson & CO. grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,907 shares of the financial services provider’s stock after buying an additional 4,459 shares during the period. D.A. Davidson & CO.’s holdings in Fidelity National Financial were worth $2,798,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position 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 period. Private Trust Co. NA boosted its position 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 period. Cambridge Investment Research Advisors Inc. boosted its position 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 period. Asset Management One Co. Ltd. boosted its position in Fidelity National Financial by 3.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider’s stock valued at $6,326,000 after buying an additional 2,807 shares during the period. Finally, Cerity Partners LLC boosted its position in Fidelity National Financial by 39.0% in the 1st quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock valued at $3,361,000 after buying an additional 14,485 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $57.09 on Friday. The company has a fifty day simple moving average of $58.71 and a 200-day simple moving average of $57.94. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market cap of $15.51 billion, a P/E ratio of 14.49 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 for the quarter. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid 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 currently 50.76%.

Analyst Ratings Changes

FNF has been the subject of several recent research reports. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $69.83.

Fidelity National Financial Company 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.