Fidelity National Financial, Inc. $FNF Shares Bought by Stephens Inc. AR

Key Points

• Stephens Inc. AR increased its ownership of Fidelity National Financial, Inc. by 29.3% in Q2, owning 180,087 shares valued at approximately $10 million.
• Fidelity National Financial has a current stock price of $56.12, with a market cap of $15.25 billion and a P/E ratio of 14.24.
• The company declared a quarterly dividend of $0.50 per share, yielding 3.6%, and has a dividend payout ratio of 50.76%.

Stephens Inc. AR grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 29.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 180,087 shares of the financial services provider's stock after acquiring an additional 40,835 shares during the period. Stephens Inc. AR owned about 0.07% of Fidelity National Financial worth $10,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings 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 valued at $1,768,543,000 after purchasing an additional 120,595 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock valued at $585,785,000 after purchasing an additional 588,113 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 1.5% in 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 purchasing an additional 121,096 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Fidelity National Financial by 93.3% in 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 purchasing an additional 1,817,124 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Fidelity National Financial in the first quarter valued at $178,433,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $56.12 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The business has a fifty day simple moving average of $58.99 and a 200 day simple moving average of $57.97. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 14.24 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. As a group, sell-side analysts predict 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. Shareholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial's dividend payout ratio is presently 50.76%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. National Bankshares set a $64.00 target price on Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, Barclays reiterated a "cautious" rating on shares of Fidelity National Financial in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.83.

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.

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