Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by WBI Investments LLC

WBI Investments LLC trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 61.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,858 shares of the financial services provider’s stock after selling 13,978 shares during the quarter. WBI Investments LLC’s holdings in Fidelity National Financial were worth $470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP purchased a new stake in Fidelity National Financial in the third quarter valued at approximately $216,000. Royal London Asset Management Ltd. raised its stake in shares of Fidelity National Financial by 1.0% during the third quarter. Royal London Asset Management Ltd. now owns 101,701 shares of the financial services provider’s stock worth $4,202,000 after purchasing an additional 1,034 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Fidelity National Financial by 7.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 92,921 shares of the financial services provider’s stock worth $3,838,000 after purchasing an additional 6,045 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth approximately $230,000. Finally, Banque Pictet & Cie SA acquired a new position in Fidelity National Financial during the third quarter worth $378,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FNF shares. Barclays upped their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Stephens increased their price objective on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $55.40.

Fidelity National Financial Trading Up 4.9 %

NYSE FNF traded up $2.38 during trading hours on Thursday, hitting $51.38. 505,175 shares of the company’s stock were exchanged, compared to its average volume of 1,344,410. The business’s 50 day moving average is $50.14 and its 200-day moving average is $50.31. Fidelity National Financial, Inc. has a 12-month low of $36.55 and a 12-month high of $53.96. The firm has a market capitalization of $14.04 billion, a P/E ratio of 16.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.74%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

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 products.