Brave Warrior Advisors LLC Decreases Stock Holdings in Fidelity National Financial, Inc. $FNF

Brave Warrior Advisors LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 40.8% during the 1st quarter, HoldingsChannel reports. The firm owned 3,533,961 shares of the financial services provider’s stock after selling 2,439,170 shares during the period. Fidelity National Financial comprises 5.3% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 10th largest position. Brave Warrior Advisors LLC’s holdings in Fidelity National Financial were worth $229,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider’s stock valued at $1,768,543,000 after purchasing an additional 120,595 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after purchasing an additional 588,113 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Financial by 1.5% in the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after purchasing an additional 121,096 shares during the last quarter. Nuveen LLC bought a new position in Fidelity National Financial during the first quarter valued at about $178,433,000. Finally, Royal Bank of Canada grew its position in Fidelity National Financial by 0.3% during the first quarter. Royal Bank of Canada now owns 2,007,085 shares of the financial services provider’s stock valued at $130,621,000 after buying an additional 5,205 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays cut their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial Price Performance

FNF stock opened at $59.94 on Monday. The firm has a 50 day moving average of $57.20 and a 200-day moving average of $59.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm has a market capitalization of $16.29 billion, a P/E ratio of 15.21 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the business posted $1.24 earnings per share. Fidelity National Financial’s revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.3%. Fidelity National Financial’s payout ratio is presently 50.76%.

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.