Confluence Investment Management LLC Sells 29,034 Shares of Fidelity National Financial, Inc. $FNF

Confluence Investment Management LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,179,039 shares of the financial services provider’s stock after selling 29,034 shares during the period. Fidelity National Financial makes up about 1.7% of Confluence Investment Management LLC’s holdings, making the stock its 17th largest holding. Confluence Investment Management LLC owned 0.79% of Fidelity National Financial worth $122,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Gilbert & Cook Inc. lifted its stake in Fidelity National Financial by 3.0% during the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 168 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 175 shares during the last quarter. Commerce Bank increased its holdings in shares of Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock worth $389,000 after buying an additional 177 shares during the period. Peddock Capital Advisors LLC increased its holdings in shares of Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after buying an additional 178 shares during the period. Finally, Kaizen Financial Strategies increased its holdings in shares of Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock worth $269,000 after buying an additional 188 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays decreased their price objective on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.20.

Fidelity National Financial Stock Down 0.2%

FNF opened at $60.56 on Friday. The company has a market cap of $16.45 billion, a P/E ratio of 15.37 and a beta of 1.05. The business’s 50-day moving average price is $57.87 and its 200-day moving average price is $59.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial’s payout ratio is currently 50.76%.

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.