D.A. Davidson & CO. Sells 37,714 Shares of Fidelity National Financial, Inc. $FNF

D.A. Davidson & CO. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 51.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,036 shares of the financial services provider’s stock after selling 37,714 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity National Financial were worth $1,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNF. Windacre Partnership LLC increased its position in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares during the last quarter. State Street Corp lifted its holdings 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 worth $572,782,000 after acquiring an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 2.1% in 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 shares of 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 purchasing an additional 1,743,342 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after purchasing an additional 54,756 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.2%

FNF opened at $50.75 on Wednesday. The stock’s fifty day moving average is $48.21 and its two-hundred day moving average is $50.14. The company has a market capitalization of $13.66 billion, a P/E ratio of 18.55, a PEG ratio of 0.75 and a beta of 0.96. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that Fidelity National Financial, Inc. will post 5.19 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on FNF. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Barclays upped their target price on Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Finally, National Bank Financial set a $51.00 price objective on Fidelity National Financial in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

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.