NorthRock Partners LLC Takes Position in Fidelity National Financial, Inc. $FNF

Key Points

• NorthRock Partners LLC acquired a new stake in Fidelity National Financial, purchasing 4,940 shares valued at approximately $277,000 during the second quarter.
• Fidelity National Financial reported a quarterly EPS of $0.76 and a revenue of $3.17 billion, with a projection of 6.28 EPS for the current fiscal year.
• The company announced a quarterly dividend of $0.50 per share, representing an annualized yield of 3.6% and a payout ratio of 50.76%.

NorthRock Partners LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,940 shares of the financial services provider's stock, valued at approximately $277,000.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake 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 buying an additional 208 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $32,000. Blue Trust Inc. raised its stake in shares of Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider's stock valued at $29,000 after buying an additional 500 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $36,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Down 1.9%

Shares of NYSE:FNF opened at $55.06 on Friday. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company's 50-day moving average price is $59.11 and its two-hundred day moving average price is $58.18. 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 firm has a market cap of $14.96 billion, a P/E ratio of 13.97 and a beta of 1.05.

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

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial's dividend payout ratio is currently 50.76%.

Analyst Upgrades and Downgrades

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