Avantax Advisory Services Inc. Purchases 485 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Avantax Advisory Services Inc. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,979 shares of the financial services provider’s stock after buying an additional 485 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity National Financial were worth $2,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its stake in shares of Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after buying an additional 168 shares in the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 175 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Fidelity National Financial by 3.2% during the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 178 shares during the last quarter. Kaizen Financial Strategies raised its holdings in shares of Fidelity National Financial by 4.8% during the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 188 shares during the last quarter. Finally, My Legacy Advisors LLC raised its holdings in shares of Fidelity National Financial by 2.3% during the first quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.20.

Fidelity National Financial Stock Up 0.1%

Shares of FNF stock opened at $57.06 on Wednesday. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a market cap of $15.67 billion, a P/E ratio of 14.12 and a beta of 1.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $55.08 and a two-hundred day simple moving average of $58.78.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. Fidelity National Financial’s dividend payout ratio is currently 49.50%.

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.