Howe & Rusling Inc. Acquires Shares of 3,126 Fidelity National Financial, Inc. $FNF

Howe & Rusling Inc. acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,126 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently bought and sold shares of FNF. Nuveen LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at about $178,433,000. Millennium Management LLC boosted its holdings in Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after purchasing an additional 1,817,124 shares during the period. AQR Capital Management LLC raised its position in shares of Fidelity National Financial by 70.6% in the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock valued at $129,264,000 after buying an additional 824,562 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider’s stock valued at $40,783,000 after buying an additional 619,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after buying an additional 588,113 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays dropped their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.20.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $60.56 on Friday. The firm has a 50 day moving average of $57.87 and a 200-day moving average of $59.09. The stock has a market capitalization of $16.45 billion, a PE ratio of 15.37 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.Fidelity National Financial’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 50.76%.

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.