Stephenson & Company Inc. Has $219,000 Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Stephenson & Company Inc. cut its position in Fidelity National Financial, Inc. (NYSE:FNF) by 18.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,437 shares of the financial services provider’s stock after selling 981 shares during the period. Stephenson & Company Inc.’s holdings in Fidelity National Financial were worth $219,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FNF. Confluence Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the first quarter valued at $135,347,000. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after acquiring an additional 1,424,767 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Financial in the fourth quarter worth about $41,212,000. Vanguard Group Inc. lifted its position in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Fidelity National Financial by 1,029.1% during the fourth quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after purchasing an additional 653,091 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on FNF. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday. Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Stock Down 0.3 %

Shares of Fidelity National Financial stock opened at $58.83 on Friday. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $60.19. The business has a fifty day simple moving average of $54.67 and a 200 day simple moving average of $51.96. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.07 billion, a PE ratio of 19.35 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Fidelity National Financial’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Fidelity National Financial Company 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.