Atria Investments LLC Reduces Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)
Atria Investments LLC cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 8.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 22,871 shares of the financial services provider’s stock after selling 2,117 shares during the quarter. Atria Investments LLC’s holdings in Fidelity National Financial were worth $1,117,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its holdings in Fidelity National Financial by 5.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,565 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 256 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Fidelity National Financial by 0.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,728 shares of the financial services provider’s stock worth $2,966,000 after purchasing an additional 327 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Fidelity National Financial by 1.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 28,449 shares of the financial services provider’s stock worth $1,484,000 after purchasing an additional 337 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Fidelity National Financial by 36.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,360 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 360 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of Fidelity National Financial by 8.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 5,036 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 400 shares during the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Financial Trading Up 2.4 %
NYSE:FNF opened at $39.00 on Thursday. Fidelity National Financial, Inc. has a 12-month low of $34.59 and a 12-month high of $56.44. The firm has a market capitalization of $10.95 billion, a P/E ratio of 5.03 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.19 and a quick ratio of 0.19. The business has a 50 day simple moving average of $38.56 and a 200 day simple moving average of $43.94.
Fidelity National Financial (NYSE:FNF – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.07 EPS for the current year.
Fidelity National Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.51%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 22.68%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FNF shares. Credit Suisse Group lowered their price target 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. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial to $62.00 and gave the company a “na” rating in a report on Monday, May 16th. StockNews.com started coverage on Fidelity National Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Barclays lowered their price target on Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.33.
About Fidelity National Financial
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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