Cambiar Investors LLC Lowers Position in Fidelity National Financial, Inc. $FNF

Cambiar Investors LLC cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,738 shares of the financial services provider’s stock after selling 24,495 shares during the quarter. Cambiar Investors LLC owned approximately 0.06% of Fidelity National Financial worth $9,235,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Rossby Financial LCC purchased a new stake in Fidelity National Financial in the first quarter worth about $62,000. Private Trust Co. NA lifted its stake in Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 206 shares during the period. Checchi Capital Advisers LLC lifted its stake in Fidelity National Financial by 13.8% in the first quarter. Checchi Capital Advisers LLC now owns 4,838 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 587 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Fidelity National Financial by 21.9% during the first quarter. OneDigital Investment Advisors LLC now owns 8,482 shares of the financial services provider’s stock valued at $552,000 after buying an additional 1,522 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Fidelity National Financial by 10.5% during the first quarter. IFM Investors Pty Ltd now owns 63,710 shares of the financial services provider’s stock valued at $3,954,000 after buying an additional 6,066 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF opened at $55.18 on Friday. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. 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 $14.99 billion, a P/E ratio of 14.00 and a beta of 1.05. The firm’s 50-day moving average price is $58.31 and its 200-day moving average price is $57.72.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.17 billion for the quarter. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio is 50.76%.

Analyst Ratings Changes

FNF has been the subject of several analyst reports. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $69.83.

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.