NewEdge Advisors LLC Sells 19,533 Shares of Fidelity National Financial, Inc. $FNF

NewEdge Advisors LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 32.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,193 shares of the financial services provider’s stock after selling 19,533 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity National Financial were worth $1,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Windacre Partnership LLC grew its position in shares of Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares during the period. State Street Corp raised its position in shares of Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after acquiring an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after acquiring an additional 193,629 shares during the last quarter. AQR Capital Management LLC boosted its stake in Fidelity National Financial by 34.5% during the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after acquiring an additional 1,743,342 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after purchasing an additional 54,756 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stephens cut their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Barclays boosted their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research report on Friday, August 7th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.75.

Insider Buying and Selling

In related news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $49.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $13.26 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95. The company’s 50 day moving average price is $49.24 and its two-hundred day moving average price is $49.76. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Fidelity National Financial, Inc. will post 5.14 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial’s payout ratio is currently 73.50%.

About Fidelity National Financial

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.