Kingsview Wealth Management LLC Sells 41,253 Shares of Fidelity National Financial, Inc. $FNF

Kingsview Wealth Management LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,337 shares of the financial services provider’s stock after selling 41,253 shares during the period. Kingsview Wealth Management LLC’s holdings in Fidelity National Financial were worth $625,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after buying an additional 580,133 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock worth $517,730,000 after acquiring an additional 234,288 shares during the period. Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after acquiring an additional 574,189 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after purchasing an additional 37,473 shares during the period. Finally, Norges Bank purchased a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $189,685,000. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FNF shares. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. National Bank Financial set a $71.00 price target on Fidelity National Financial in a research report on Monday, February 23rd. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is owned by company insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $50.11 on Friday. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.64 and a beta of 0.99. The company’s 50 day moving average is $54.16 and its 200 day moving average is $56.60. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. Fidelity National Financial, Inc. has a 52-week low of $48.42 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is 97.65%.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.