Ethic Inc. Has $2.53 Million Stake in Fidelity National Financial, Inc. $FNF

Key Points

• Ethic Inc. increased its holdings in Fidelity National Financial by 26.9% in Q1, bringing its total shares to 38,420, valued at approximately $2.53 million.
• Fidelity National Financial reported Q2 earnings of $1.16 per share, missing estimates of $1.40, while revenue matched expectations at $3.64 billion.
• The company recently announced a quarterly dividend of $0.50 per share, translating to an annual yield of 3.4%, with a payout ratio of 50.76%.

Ethic Inc. lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,420 shares of the financial services provider's stock after acquiring an additional 8,133 shares during the quarter. Ethic Inc.'s holdings in Fidelity National Financial were worth $2,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNF. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after purchasing an additional 208 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $32,000. Synergy Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $36,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $40,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 2.4%

NYSE:FNF traded up $1.4450 on Friday, reaching $60.8050. The company's stock had a trading volume of 784,025 shares, compared to its average volume of 1,290,407. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.52 billion, a PE ratio of 15.43 and a beta of 1.02. The business's 50-day moving average price is $56.61 and its two-hundred day moving average price is $58.91.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results 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 business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm's revenue was up 15.1% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price objective on 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. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.20.

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.