Life Planning Partners Inc Decreases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Life Planning Partners Inc decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 98.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,335 shares of the financial services provider’s stock after selling 183,892 shares during the period. Life Planning Partners Inc’s holdings in Fidelity National Financial were worth $217,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FNF. Brighton Jones LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at approximately $222,000. Exchange Traded Concepts LLC lifted its stake in Fidelity National Financial by 7,740.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,504 shares of the financial services provider’s stock valued at $944,000 after buying an additional 14,319 shares in the last quarter. BayBridge Capital Group LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at approximately $265,000. Atlas Private Wealth Advisors lifted its stake in Fidelity National Financial by 3.8% in the 1st quarter. Atlas Private Wealth Advisors now owns 8,753 shares of the financial services provider’s stock valued at $570,000 after buying an additional 323 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Fidelity National Financial in the 1st quarter valued at approximately $331,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Stock Down 1.6%

Shares of Fidelity National Financial stock opened at $55.26 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $58.66 and a 200 day moving average price of $59.44. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 11.88 and a beta of 1.02. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. Fidelity National Financial’s payout ratio is currently 49.50%.

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 products.