Ullmann Wealth Partners Group LLC Boosts Stake in Fidelity National Financial, Inc. $FNF

Key Points

• Ullmann Wealth Partners Group LLC increased its stake in Fidelity National Financial by 14.0%, now holding 38,634 shares worth approximately $2.17 million.
• Fidelity National Financial reported a quarterly EPS of $1.16, missing the consensus estimate of $1.40, despite a 15.1% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.50, representing a 3.4% yield, with the ex-dividend date set for September 16th.

Ullmann Wealth Partners Group LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,634 shares of the financial services provider's stock after buying an additional 4,758 shares during the period. Ullmann Wealth Partners Group LLC's holdings in Fidelity National Financial were worth $2,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Fidelity National Financial during the first quarter worth about $178,433,000. Millennium Management LLC lifted its position in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock worth $244,967,000 after purchasing an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Fidelity National Financial by 70.6% during the first quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider's stock worth $129,264,000 after purchasing an additional 824,562 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 8,302.5% during the first quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after purchasing an additional 619,197 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after purchasing an additional 588,113 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $58.62 on Friday. The firm's 50 day moving average is $58.33 and its two-hundred day moving average is $58.91. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The firm has a market capitalization of $15.93 billion, a P/E ratio of 14.88 and a beta of 1.05. 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 (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $1.24 EPS. Fidelity National Financial's revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio (DPR) is 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Profile

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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