Foster & Motley Inc. Has $2.81 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Foster & Motley Inc. lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,762 shares of the financial services provider’s stock after selling 1,627 shares during the quarter. Foster & Motley Inc.’s holdings in Fidelity National Financial were worth $2,805,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FNF. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the second quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial during the 4th quarter worth approximately $27,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter worth approximately $30,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial in the first quarter worth approximately $31,000. Finally, Covestor Ltd lifted its holdings in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

NYSE FNF opened at $58.99 on Friday. The company has a market capitalization of $16.12 billion, a PE ratio of 19.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $60.19. The company has a 50-day simple moving average of $54.48 and a 200 day simple moving average of $51.92.

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

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. Fidelity National Financial’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of analyst reports. Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.