SWS Partners Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

SWS Partners lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,436 shares of the financial services provider’s stock after selling 696 shares during the quarter. SWS Partners’ holdings in Fidelity National Financial were worth $3,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after acquiring an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Fidelity National Financial during the 1st quarter valued at about $135,347,000. Windacre Partnership LLC raised its holdings in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $41,212,000. Finally, Vanguard Group Inc. grew its holdings in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Performance

NYSE:FNF traded up $0.52 during trading hours on Thursday, hitting $56.43. 591,377 shares of the company were exchanged, compared to its average volume of 1,304,301. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The company’s 50 day moving average price is $51.69 and its 200-day moving average price is $51.16. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $56.95. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 18.56 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.40%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.80.

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 products.