Janney Montgomery Scott LLC Purchases 6,040 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Janney Montgomery Scott LLC increased its stake in Fidelity National Financial, Inc. by 20.9%, acquiring an additional 6,040 shares during the second quarter, bringing their total holdings to 34,941 shares.
• Fidelity National Financial reported earnings of $0.76 EPS for the last quarter, with revenue of $3.17 billion, while analysts forecast a PE ratio of 13.94 and an average price target of $69.83 for the stock.
• The company declared a quarterly dividend of $0.50 per share, yielding approximately 3.6%, with a payout ratio of 50.76%.

Janney Montgomery Scott LLC lifted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,941 shares of the financial services provider's stock after purchasing an additional 6,040 shares during the quarter. Janney Montgomery Scott LLC's holdings in Fidelity National Financial were worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Fidelity National Financial by 80.0% in the 1st 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 in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the first quarter worth approximately $32,000. Rise Advisors LLC purchased a new stake in Fidelity National Financial in the first quarter valued at approximately $32,000. Synergy Investment Management LLC bought a new stake in Fidelity National Financial during the first quarter valued at approximately $36,000. Finally, Olde Wealth Management LLC purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday. Weiss Ratings reissued a "buy (b)" rating on shares of Fidelity National Financial in a research note on Wednesday. Finally, Barclays restated a "cautious" rating on shares of Fidelity National Financial in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and an average price target of $69.83.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $54.91 on Friday. 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 stock has a market cap of $14.92 billion, a PE ratio of 13.94 and a beta of 1.05. The company's fifty day moving average is $59.29 and its 200 day moving average is $58.43. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. 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.

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