Hsbc Holdings PLC Cuts Stock Holdings in Fidelity National Financial, Inc. $FNF

Hsbc Holdings PLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,269 shares of the financial services provider’s stock after selling 360,433 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Fidelity National Financial worth $28,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after acquiring an additional 47,267 shares during the period. Acadian Asset Management LLC increased its stake in Fidelity National Financial by 141.9% in the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 8,494 shares during the period. Invesco Ltd. increased its stake in Fidelity National Financial by 2.0% in the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares during the period. Brown Advisory Inc. bought a new stake in Fidelity National Financial in the second quarter valued at approximately $339,000. Finally, Daiwa Securities Group Inc. lifted its position in Fidelity National Financial by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF stock opened at $46.39 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm has a 50-day moving average of $48.68 and a 200 day moving average of $51.08. The company has a market cap of $12.49 billion, a P/E ratio of 16.95, a PEG ratio of 0.70 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company posted $0.78 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.29 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s payout ratio is 75.91%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Stephens dropped their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Barclays cut their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two 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, the company presently has a consensus rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Company 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.