Russell Investments Group Ltd. Has $6.66 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Russell Investments Group Ltd. increased its stake in Fidelity National Financial by 6.8%, owning over 102,000 shares valued at approximately $6.66 million.
• The company reported quarterly earnings of $1.16 per share, missing estimates, with revenue of $3.64 billion, reflecting a 15.1% increase year-over-year.
• Fidelity National Financial announced a $0.50 dividend payable on September 30, with an annualized yield of 3.4% and a payout ratio of 50.76%.

Russell Investments Group Ltd. raised its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,309 shares of the financial services provider's stock after buying an additional 6,486 shares during the period. Russell Investments Group Ltd.'s holdings in Fidelity National Financial were worth $6,658,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock worth $378,000 after acquiring an additional 168 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after buying an additional 175 shares in the last quarter. Commerce Bank grew its holdings in Fidelity National Financial by 3.1% during the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock worth $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC raised its position in Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after acquiring an additional 178 shares in the last quarter. Finally, Kaizen Financial Strategies raised its position in Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Down 0.4%

NYSE FNF traded down $0.2640 on Monday, reaching $60.5560. The company had a trading volume of 230,529 shares, compared to its average volume of 1,574,563. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 15.35 and a beta of 1.02. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The stock's 50 day moving average is $56.61 and its 200-day moving average is $58.91. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Fidelity National Financial's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's payout ratio is currently 50.76%.

Analyst Ratings Changes

Separately, Barclays dropped their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

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.