Arvest Investments Inc. Makes New Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Arvest Investments Inc. has acquired a new stake in Fidelity National Financial, buying 4,450 shares for approximately $249,000 in the second quarter.
• Analysts have lowered the price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating, with a consensus price target of $71.20.
• The company recently announced a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 3.3%.

Arvest Investments Inc. bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,450 shares of the financial services provider's stock, valued at approximately $249,000.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after acquiring an additional 208 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Fidelity National Financial in the first quarter worth about $32,000. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the first quarter worth about $32,000. Synergy Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $40,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 0.8%

Shares of FNF stock traded up $0.49 during trading on Thursday, reaching $59.22. The company's stock had a trading volume of 772,808 shares, compared to its average volume of 1,534,473. The business has a fifty day moving average price of $58.06 and a 200-day moving average price of $59.01. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 15.04 and a beta of 1.05. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the firm earned $1.24 EPS. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

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.