Stephens Inc. AR Raises Stock Holdings in Fidelity National Financial, Inc. $FNF

Stephens Inc. AR boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 207,983 shares of the financial services provider’s stock after acquiring an additional 11,739 shares during the quarter. Stephens Inc. AR’s holdings in Fidelity National Financial were worth $9,646,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FNF. Windacre Partnership LLC increased its holdings in shares of Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth about $181,017,000. Alliancebernstein L.P. lifted its holdings in shares of Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after purchasing an additional 2,970,460 shares during the period. AQR Capital Management LLC boosted its position in Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after buying an additional 2,174,220 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Fidelity National Financial in the 4th quarter worth approximately $36,362,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.70% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF traded up $0.81 during trading hours on Tuesday, hitting $49.52. The stock had a trading volume of 169,299 shares, compared to its average volume of 1,789,924. The firm has a 50-day moving average price of $48.38 and a 200 day moving average price of $50.53. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 0.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Fidelity National Financial’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 5.24 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stephens decreased their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Barclays decreased their target price on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.75.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.