Woodward Diversified Capital LLC Makes New Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Woodward Diversified Capital LLC has acquired 4,793 shares of Fidelity National Financial, Inc., worth approximately $269,000, during the second quarter.
• Fidelity National Financial reported earnings of $1.16 EPS for the quarter, missing estimates of $1.40, but recorded a 15.1% year-over-year revenue increase.
• Barclays lowered its price target for Fidelity National Financial from $67.00 to $65.00 while maintaining an "equal weight" rating, with an average target price of $71.20.

Woodward Diversified Capital LLC acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,793 shares of the financial services provider's stock, valued at approximately $269,000.

Several other institutional investors have also recently made changes to their positions in FNF. Cary Street Partners Investment Advisory LLC boosted its position in shares of Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Rise Advisors LLC purchased a new position in Fidelity National Financial during the first quarter valued at $32,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the first quarter valued at $32,000. Synergy Investment Management LLC bought a new stake in shares of Fidelity National Financial during the 1st quarter valued at $36,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Fidelity National Financial in the 1st quarter worth about $40,000. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Separately, Barclays lowered their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $59.65 on Friday. The business has a fifty day moving average price of $59.27 and a 200-day moving average price of $58.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $16.21 billion, a PE ratio of 15.14 and a beta of 1.05. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The business's revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is presently 50.76%.

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.

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.