Parallel Advisors LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 15.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,804 shares of the financial services provider’s stock after selling 326 shares during the period. Parallel Advisors LLC’s holdings in Fidelity National Financial were worth $90,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners boosted its holdings in shares of Fidelity National Financial by 673.0% in the fourth quarter. Concord Wealth Partners now owns 487 shares of the financial services provider’s stock worth $25,000 after buying an additional 424 shares during the period. Horan Securities Inc. acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $26,000. IronBridge Private Wealth LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $26,000. Bank of New Hampshire acquired a new position in shares of Fidelity National Financial in the first quarter worth about $29,000. Finally, Benjamin Edwards Inc. boosted its holdings 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 buying an additional 860 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on FNF shares. Barclays decreased their price target on shares of Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial to $62.00 and gave the stock a “na” rating in a report on Monday, May 16th. StockNews.com started coverage on shares of Fidelity National Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.33.
Fidelity National Financial Price Performance
Shares of FNF opened at $38.20 on Friday. The firm has a market cap of $10.72 billion, a PE ratio of 4.92 and a beta of 1.41. The firm’s 50 day moving average price is $38.80 and its 200 day moving average price is $44.34. 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 twelve month low of $34.59 and a twelve month high of $56.44.
Fidelity National Financial (NYSE:FNF – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, beating 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 net margin of 14.10% and a return on equity of 24.56%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.07 EPS for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Wednesday, June 15th. Fidelity National Financial’s payout ratio is presently 22.68%.
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 insurance.
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