Nordea Investment Management AB trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,133 shares of the financial services provider’s stock after selling 10,545 shares during the quarter. Nordea Investment Management AB’s holdings in Fidelity National Financial were worth $1,413,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners boosted its stake in shares of Fidelity National Financial by 673.0% during the fourth quarter. Concord Wealth Partners now owns 487 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 424 shares in the last quarter. Horan Securities Inc. acquired a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $26,000. IronBridge Private Wealth LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $26,000. Pflug Koory LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $31,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of Fidelity National Financial by 373.9% in the fourth quarter. Benjamin Edwards Inc. now owns 1,090 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 860 shares during the period. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on FNF. StockNews.com began coverage on Fidelity National Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays cut their price objective on Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 12th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a report on Monday, May 16th. Finally, Credit Suisse Group lowered their target price on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, April 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $64.67.
In other news, COO Roger S. Jewkes sold 7,438 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $50.01, for a total transaction of $371,974.38. Following the completion of the sale, the chief operating officer now owns 104,246 shares in the company, valued at $5,213,342.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.
Shares of FNF stock opened at $36.83 on Wednesday. The company has a market cap of $10.34 billion, a P/E ratio of 4.75 and a beta of 1.41. The stock has a 50 day simple moving average of $39.94 and a two-hundred day simple moving average of $45.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.19. Fidelity National Financial, Inc. has a fifty-two week low of $34.59 and a fifty-two week high of $56.44.
Fidelity National Financial (NYSE:FNF – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 earnings per share. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.76 annualized dividend and a dividend yield of 4.78%. Fidelity National Financial’s dividend payout ratio is 22.68%.
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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