Avior Wealth Management LLC Raises Stock Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Avior Wealth Management LLC increased its stake in Fidelity National Financial, Inc. by an impressive 1,569.6%, acquiring a total of 21,170 shares during the second quarter, valued at approximately $1,187,000.
• Several institutional investors, including Vanguard Group and Charles Schwab, also raised their positions in Fidelity National Financial, reflecting strong institutional interest in the stock.
• Fidelity National Financial reported $1.16 earnings per share for the latest quarter, falling short of analysts' expectations of $1.40, despite a 15.1% increase in revenue year-over-year.

Avior Wealth Management LLC raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1,569.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,170 shares of the financial services provider's stock after buying an additional 19,902 shares during the period. Avior Wealth Management LLC's holdings in Fidelity National Financial were worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock worth $1,768,543,000 after purchasing an additional 120,595 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $585,785,000 after buying an additional 588,113 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock valued at $534,585,000 after buying an additional 121,096 shares during the period. Millennium Management LLC raised its holdings in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock valued at $244,967,000 after acquiring an additional 1,817,124 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Fidelity National Financial in the first quarter worth $178,433,000. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays reduced their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Price Performance

NYSE FNF opened at $59.76 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company has a market capitalization of $16.24 billion, a PE ratio of 15.17 and a beta of 1.05. The business's fifty day moving average is $59.01 and its 200 day moving average is $58.74.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period last year, the business earned $1.24 earnings per share. The company's quarterly revenue was up 15.1% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's payout ratio is presently 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.

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