Strategic Financial Concepts LLC Purchases New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Strategic Financial Concepts LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the second quarter, Holdings Channel reports. The institutional investor purchased 133,286 shares of the financial services provider’s stock, valued at approximately $66,000.

A number of other hedge funds have also modified their holdings of the company. Savant Capital LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $647,000. Victory Capital Management Inc. raised its position in shares of Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares during the period. Impact Partnership Wealth LLC raised its position in shares of Fidelity National Financial by 342.3% in the 2nd quarter. Impact Partnership Wealth LLC now owns 14,542 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 11,254 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 16,327 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 373 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Fidelity National Financial by 10.6% in the 2nd quarter. TD Asset Management Inc now owns 54,961 shares of the financial services provider’s stock valued at $2,716,000 after acquiring an additional 5,256 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

NYSE FNF opened at $58.86 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $60.19. The company has a market capitalization of $16.10 billion, a PE ratio of 19.36 and a beta of 1.36. The firm’s 50 day moving average is $55.06 and its 200-day moving average is $52.08.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business earned $1.01 earnings per share. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.80.

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.