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

Other hedge funds also recently modified their holdings of the company. 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 worth $30,000 after purchasing an additional 208 shares during the period. Rise Advisors LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $32,000. Synergy Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $40,000. Institutional investors own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Trading Up 0.6%

Shares of NYSE:FNF traded up $0.36 during midday trading on Tuesday, hitting $59.21. 338,988 shares of the stock traded hands, compared to its average volume of 1,540,492. The stock has a market capitalization of $16.09 billion, a PE ratio of 15.03 and a beta of 1.05. The business's 50 day moving average is $58.45 and its two-hundred day moving average is $58.85. 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, Inc. has a one year low of $50.61 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $3.64 billion for 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%. The business's revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $1.24 earnings per share. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's dividend 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.