Cwm LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 66.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 830 shares of the financial services provider’s stock after selling 1,672 shares during the quarter. Cwm LLC’s holdings in Fidelity National Financial were worth $41,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in FNF. Kestra Advisory Services LLC grew its position in shares of Fidelity National Financial by 28.2% during the fourth quarter. Kestra Advisory Services LLC now owns 10,751 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 2,362 shares during the last quarter. Sciencast Management LP purchased a new stake in Fidelity National Financial during the 4th quarter worth about $541,000. Concord Wealth Partners increased its position in Fidelity National Financial by 673.0% during the 4th quarter. Concord Wealth Partners now owns 487 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 424 shares in the last quarter. Huntington National Bank increased its position in Fidelity National Financial by 32.0% during the 4th quarter. Huntington National Bank now owns 1,519 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 368 shares in the last quarter. Finally, Denali Advisors LLC increased its position in Fidelity National Financial by 725.0% during the 4th quarter. Denali Advisors LLC now owns 3,300 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 2,900 shares in the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on FNF. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial to $62.00 and gave the stock a “na” rating in a research report on Monday, May 16th. 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. Barclays reduced their price objective on Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. Finally, StockNews.com assumed coverage on Fidelity National Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.33.
Fidelity National Financial Stock Performance
Fidelity National Financial stock opened at $36.71 on Friday. The stock’s 50 day moving average price is $38.97 and its 200 day moving average price is $44.69. The firm has a market capitalization of $10.30 billion, a PE ratio of 4.73 and a beta of 1.41. 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 one year low of $34.59 and a one year high of $56.44.
Fidelity National Financial (NYSE:FNF – Get Rating) last released 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 firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.89 billion. Fidelity National Financial had a return on equity of 24.56% and a net margin of 14.10%. Fidelity National Financial’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 EPS. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.07 EPS for the current fiscal year.
Fidelity National Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Wednesday, June 15th. Fidelity National Financial’s payout ratio is 22.68%.
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 insurance.
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