Forum Financial Management LP Raises Holdings in Fidelity National Financial, Inc. $FNF

Forum Financial Management LP raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,089 shares of the financial services provider’s stock after buying an additional 690 shares during the quarter. Forum Financial Management LP’s holdings in Fidelity National Financial were worth $453,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FNF. Blue Trust Inc. grew its holdings in Fidelity National Financial by 4,545.5% in the 2nd 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 in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in 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 buying an additional 208 shares in the last quarter. Rise Advisors LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at $32,000. Synergy Investment Management LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at $36,000. Finally, REAP Financial Group LLC grew its holdings in Fidelity National Financial by 70.0% in the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after buying an additional 287 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

FNF opened at $57.09 on Friday. The stock’s 50-day moving average price is $58.71 and its 200 day moving average price is $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 firm has a market cap of $15.51 billion, a price-to-earnings ratio of 14.49 and a beta of 1.05.

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. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion for the quarter. 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

Wall Street Analyst Weigh In

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