Focus Partners Advisor Solutions LLC Makes New Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Focus Partners Advisor Solutions LLC acquired 7,815 shares of Fidelity National Financial, Inc. valued at approximately $509,000 in the first quarter of the year.
• Barclays has reduced its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating on the stock.
• The company recently announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.3%.

Focus Partners Advisor Solutions LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,815 shares of the financial services provider's stock, valued at approximately $509,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC boosted its stake in 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 valued at $30,000 after acquiring an additional 208 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the first quarter valued at about $32,000. Synergy Investment Management LLC purchased a new position in Fidelity National Financial in the first quarter valued at about $36,000. Olde Wealth Management LLC purchased a new position in Fidelity National Financial in the first quarter valued at about $40,000. Finally, SVB Wealth LLC purchased a new position in Fidelity National Financial in the first quarter valued at about $41,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Four research 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 currently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Stock Up 0.2%

Shares of NYSE:FNF opened at $60.52 on Friday. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The firm has a fifty day moving average of $57.58 and a 200 day moving average of $59.05. The firm has a market capitalization of $16.44 billion, a PE ratio of 15.36 and a beta of 1.05. 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 (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm's revenue was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.