Envestnet Portfolio Solutions Inc. Has $527,000 Stock Holdings in Fidelity National Financial, Inc. $FNF

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,404 shares of the financial services provider’s stock after purchasing an additional 2,975 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity National Financial were worth $527,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Fidelity National Financial by 0.4% during the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider’s stock valued at $1,768,543,000 after purchasing an additional 120,595 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after purchasing an additional 588,113 shares during the last quarter. Victory Capital Management Inc. boosted its position in Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after purchasing an additional 121,096 shares during the last quarter. Millennium Management LLC boosted its position in Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after purchasing an additional 1,817,124 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Fidelity National Financial during the first quarter valued at approximately $178,433,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $69.83.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $56.50 on Wednesday. The stock has a market cap of $15.35 billion, a P/E ratio of 14.34 and a beta of 1.05. The stock has a 50 day simple moving average of $58.93 and a 200 day simple moving average of $57.96. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. 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) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. Research analysts anticipate 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 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 yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.76%.

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.