Petrus Trust Company LTA Sells 3,468 Shares of Fidelity National Financial, Inc. $FNF

Petrus Trust Company LTA trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 24.3% in the 1st quarter, Holdings Channel reports. The fund owned 10,783 shares of the financial services provider’s stock after selling 3,468 shares during the quarter. Petrus Trust Company LTA’s holdings in Fidelity National Financial were worth $702,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FNF. Gilbert & Cook Inc. grew its position in Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 168 shares during the last quarter. Journey Strategic Wealth LLC grew its position in Fidelity National Financial by 1.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 175 shares during the last quarter. Commerce Bank grew its position in Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 177 shares during the last quarter. Peddock Capital Advisors LLC grew its position in Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies grew its position in Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 188 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $60.52 on Friday. The firm’s 50-day moving average price is $57.58 and its 200-day moving average price is $59.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a market cap of $16.44 billion, a PE ratio of 15.36 and a beta of 1.05. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.76%.

Analyst Upgrades and Downgrades

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

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.