Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 29.5% during the first quarter, HoldingsChannel.com reports. The fund owned 42,249 shares of the financial services provider’s stock after buying an additional 9,616 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Financial were worth $2,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Pallas Capital Advisors LLC increased its holdings in shares of Fidelity National Financial by 109.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider’s stock valued at $797,000 after acquiring an additional 6,405 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 223 shares during the period. Fifth Third Bancorp increased its holdings in shares of Fidelity National Financial by 19.2% in the 1st quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 610 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Fidelity National Financial by 81.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 2,615 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Fidelity National Financial by 5.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider’s stock valued at $1,052,000 after buying an additional 970 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF opened at $56.58 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $15.54 billion, a P/E ratio of 14.00 and a beta of 1.02. The company’s fifty day moving average is $57.49 and its two-hundred day moving average is $58.97. Fidelity National Financial, Inc. has a 1 year low of $47.92 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was down 17.3% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.53%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.50%.

Analyst Ratings Changes

FNF has been the topic of several recent research reports. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

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.