Hsbc Holdings PLC Sells 360,433 Shares of Fidelity National Financial, Inc. $FNF

Hsbc Holdings PLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 40.6% in the 4th quarter, Holdings Channel reports. The fund owned 526,269 shares of the financial services provider’s stock after selling 360,433 shares during the period. Hsbc Holdings PLC’s holdings in Fidelity National Financial were worth $28,741,000 at the end of the most recent reporting period.

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

Insider Transactions at Fidelity National Financial

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

Fidelity National Financial Trading Down 0.2%

FNF opened at $48.72 on Tuesday. 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 fifty-two week low of $42.78 and a fifty-two week high of $61.40. The company’s 50 day moving average price is $48.38 and its two-hundred day moving average price is $50.53. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.72 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly 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). The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. Fidelity National Financial’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FNF shares. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a report on Monday, May 11th. Barclays reduced their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Zacks Research downgraded 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 given a Sell rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $55.50.

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.