Fieldpoint Private Securities LLC trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 39.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842 shares of the financial services provider’s stock after selling 556 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Fidelity National Financial were worth $41,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dixon Hughes Goodman Wealth Advisors LLC lifted its stake in Fidelity National Financial by 7,419.6% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 12,257 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 12,094 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Fidelity National Financial by 2.9% during the 4th quarter. Evergreen Capital Management LLC now owns 243,248 shares of the financial services provider’s stock valued at $12,693,000 after buying an additional 6,825 shares during the period. Norges Bank purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $222,689,000. AlphaCentric Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $67,000. Finally, JustInvest LLC raised its position in shares of Fidelity National Financial by 68.0% during the 4th quarter. JustInvest LLC now owns 20,554 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 8,322 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.
NYSE:FNF opened at $35.94 on Thursday. The company has a fifty day simple moving average of $40.36 and a two-hundred day simple moving average of $46.33. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 4.63 and a beta of 1.41. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.38. Fidelity National Financial, Inc. has a 52 week low of $34.59 and a 52 week high of $56.44.
Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The financial services provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. Fidelity National Financial had a net margin of 14.10% and a return on equity of 24.56%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, analysts expect that Fidelity National Financial, Inc. will post 6.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.90%. Fidelity National Financial’s payout ratio is currently 22.68%.
FNF has been the subject of several research reports. StockNews.com initiated coverage on shares of Fidelity National Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial to $62.00 and gave the company a “na” rating in a report on Monday, May 16th. Credit Suisse Group dropped their target price on shares of Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, April 1st. Finally, Barclays dropped their target price on shares of Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.67.
In related news, COO Roger S. Jewkes sold 7,438 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $50.01, for a total transaction of $371,974.38. Following the completion of the transaction, the chief operating officer now owns 104,246 shares in the company, valued at $5,213,342.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.
About Fidelity National Financial (Get Rating)
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 insurance.
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