Yousif Capital Management LLC Decreases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Yousif Capital Management LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,855 shares of the financial services provider’s stock after selling 2,049 shares during the period. Yousif Capital Management LLC’s holdings in Fidelity National Financial were worth $6,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in Fidelity National Financial in the fourth quarter worth $37,000. Kapitalo Investimentos Ltda bought a new stake in Fidelity National Financial in the fourth quarter worth $44,000. Finally, Colonial Trust Co SC boosted its stake in Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider’s stock worth $45,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.6%

NYSE FNF opened at $55.58 on Thursday. The stock has a market cap of $15.26 billion, a PE ratio of 11.95 and a beta of 1.02. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The company’s 50-day moving average price is $58.75 and its 200-day moving average price is $59.58. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial’s quarterly revenue was down 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.60%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 49.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

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.