Commonwealth Equity Services LLC Cuts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Commonwealth Equity Services LLC trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,577 shares of the financial services provider’s stock after selling 2,747 shares during the period. Commonwealth Equity Services LLC’s holdings in Fidelity National Financial were worth $3,735,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new position in Fidelity National Financial in the second quarter worth about $210,000. Hantz Financial Services Inc. bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $2,419,000. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the second quarter valued at approximately $35,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Fidelity National Financial by 45.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 44,390 shares of the financial services provider’s stock valued at $2,194,000 after acquiring an additional 13,882 shares in the last quarter. Finally, Hudson Value Partners LLC grew its holdings in Fidelity National Financial by 2.9% in the second quarter. Hudson Value Partners LLC now owns 91,309 shares of the financial services provider’s stock worth $4,512,000 after purchasing an additional 2,561 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.1 %

Shares of FNF stock opened at $58.89 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $60.19. The firm has a market capitalization of $16.10 billion, a PE ratio of 19.37 and a beta of 1.36. The stock’s 50-day simple moving average is $54.87 and its 200-day simple moving average is $52.02.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Fidelity National Financial’s payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FNF. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial raised their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.80.

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.