Fidelity National Financial, Inc. $FNF Stock Position Raised by OLD National Bancorp IN

OLD National Bancorp IN lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,145 shares of the financial services provider’s stock after buying an additional 4,204 shares during the period. OLD National Bancorp IN owned 0.06% of Fidelity National Financial worth $9,594,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. boosted its stake in Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 168 shares during the period. Journey Strategic Wealth LLC boosted its stake in Fidelity National Financial by 1.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 175 shares during the period. Commerce Bank boosted its stake in Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 177 shares during the period. Peddock Capital Advisors LLC boosted its stake in Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 178 shares during the period. Finally, My Legacy Advisors LLC boosted its stake in Fidelity National Financial by 2.3% during the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 197 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.6%

Shares of NYSE:FNF opened at $59.96 on Friday. 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 company has a 50 day moving average of $59.32 and a 200-day moving average of $58.66. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The firm has a market cap of $16.29 billion, a P/E ratio of 15.22 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s payout ratio is presently 50.76%.

Analyst Ratings Changes

A number of research firms have issued reports on FNF. Barclays reduced 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 note on Tuesday, July 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research note on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

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.