Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,616 shares of the financial services provider’s stock after selling 366 shares during the quarter. Albert D Mason Inc.’s holdings in Fidelity National Financial were worth $691,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of Fidelity National Financial by 19.2% in the first quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 610 shares during the last quarter. My Legacy Advisors LLC raised its stake in shares of Fidelity National Financial by 2.3% in the first quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 197 shares during the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Fidelity National Financial in the first quarter worth about $237,000. SG Americas Securities LLC raised its stake in shares of Fidelity National Financial by 208.4% in the first quarter. SG Americas Securities LLC now owns 63,018 shares of the financial services provider’s stock worth $4,101,000 after purchasing an additional 42,583 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Fidelity National Financial by 29.1% in the first quarter. GAMMA Investing LLC now owns 9,629 shares of the financial services provider’s stock worth $627,000 after purchasing an additional 2,171 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 0.9%

Fidelity National Financial stock opened at $56.14 on Friday. The stock has a market capitalization of $15.42 billion, a PE ratio of 12.07 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 business has a 50 day simple moving average of $58.72 and a 200-day simple moving average of $59.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The business 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%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. On average, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

Analysts Set New Price Targets

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

Fidelity National Financial 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.