24,746 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,746 shares of the financial services provider’s stock, valued at approximately $1,223,000.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter valued at $30,000. Covestor Ltd lifted its position in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Fidelity National Financial by 231.0% in the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 425 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Truist Financial upped their price target 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Price Performance

FNF stock opened at $60.99 on Thursday. The firm has a 50 day simple moving average of $56.46 and a two-hundred day simple moving average of $52.49. The stock has a market cap of $16.66 billion, a PE ratio of 20.06 and a beta of 1.36. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $61.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 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 firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s payout ratio is 63.16%.

Fidelity National Financial Company 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.