Cannell & Spears LLC Sells 546,604 Shares of Fidelity National Financial, Inc. $FNF

Cannell & Spears LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 63.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 318,281 shares of the financial services provider’s stock after selling 546,604 shares during the quarter. Cannell & Spears LLC’s holdings in Fidelity National Financial were worth $19,253,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after purchasing an additional 47,267 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 8,494 shares during the last quarter. Prospera Financial Services Inc grew its holdings in Fidelity National Financial by 33.9% during the second quarter. Prospera Financial Services Inc now owns 5,412 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,369 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Fidelity National Financial by 4.4% in the second quarter. ProShare Advisors LLC now owns 11,568 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 492 shares during the period. Finally, Allworth Financial LP raised its position in shares of Fidelity National Financial by 82.6% in the second quarter. Allworth Financial LP now owns 7,994 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 3,617 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FNF shares. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays dropped their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research report on Monday, February 23rd. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Fidelity National Financial Stock Up 2.3%

Shares of FNF stock opened at $47.54 on Friday. Fidelity National Financial, Inc. has a 12 month low of $45.94 and a 12 month high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $12.89 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The stock has a 50 day moving average of $53.46 and a 200-day moving average of $56.17.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.