WESPAC Advisors LLC Buys Shares of 12,951 Fidelity National Financial, Inc. $FNF

Key Points

• WESPAC Advisors LLC has purchased 12,951 shares of Fidelity National Financial, Inc. valued at approximately $726,000 during the 2nd quarter.
• Fidelity National Financial recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 3.5%.
• The company's stock has a market cap of $15.40 billion and reported earnings of $1.16 per share, missing consensus estimates by $0.24.

WESPAC Advisors LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,951 shares of the financial services provider's stock, valued at approximately $726,000.

Several other hedge funds also recently made changes to their positions in the business. REAP Financial Group LLC grew its stake in shares of Fidelity National Financial by 70.0% in the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider's stock worth $39,000 after purchasing an additional 287 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Fidelity National Financial by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 73,400 shares of the financial services provider's stock worth $4,115,000 after purchasing an additional 600 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Fidelity National Financial by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 96,519 shares of the financial services provider's stock worth $5,411,000 after purchasing an additional 1,700 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Fidelity National Financial by 7.8% in the 2nd quarter. Belpointe Asset Management LLC now owns 13,788 shares of the financial services provider's stock worth $773,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in shares of Fidelity National Financial by 1.1% in the 2nd quarter. Confluence Wealth Services Inc. now owns 25,130 shares of the financial services provider's stock worth $1,409,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $56.69 on Wednesday. The firm's 50 day simple moving average is $59.34 and its 200-day simple moving average is $58.58. The company has a market cap of $15.40 billion, a P/E ratio of 14.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

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 analysts' expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 50.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FNF. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fidelity National Financial in a research note on Saturday, September 27th. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note on Monday. Finally, Barclays reaffirmed a "cautious" rating on shares of Fidelity National Financial in a research note on Monday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.83.

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.

Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.