Denali Advisors LLC Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Denali Advisors LLC reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,638 shares of the financial services provider’s stock after selling 3,721 shares during the period. Denali Advisors LLC’s holdings in Fidelity National Financial were worth $565,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Tradewinds Capital Management LLC acquired a new stake in Fidelity National Financial during the first quarter worth about $106,000. State of Michigan Retirement System lifted its stake in shares of Fidelity National Financial by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 67,200 shares of the financial services provider’s stock valued at $3,568,000 after purchasing an additional 1,500 shares during the period. Applied Capital LLC FL boosted its holdings in Fidelity National Financial by 1.2% during the first quarter. Applied Capital LLC FL now owns 25,248 shares of the financial services provider’s stock worth $1,341,000 after buying an additional 289 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in Fidelity National Financial by 1,254.3% during the first quarter. Iron Horse Wealth Management LLC now owns 3,765 shares of the financial services provider’s stock valued at $200,000 after buying an additional 3,487 shares during the period. Finally, MCF Advisors LLC increased its holdings in Fidelity National Financial by 116.0% in the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FNF. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research report on Tuesday. Stephens lifted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Finally, Barclays upped their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.40.

Insider Buying and Selling at Fidelity National Financial

In other news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $48.72 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a 1 year low of $34.96 and a 1 year high of $53.96. The firm has a market capitalization of $13.31 billion, a PE ratio of 16.03 and a beta of 1.35. The business’s 50 day moving average price is $50.30 and its 200-day moving average price is $50.34.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.94%. Fidelity National Financial’s payout ratio is 63.16%.

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.