Hahn Capital Management LLC Sells 19,743 Shares of Fidelity National Financial, Inc. $FNF

Hahn Capital Management LLC cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,054 shares of the financial services provider’s stock after selling 19,743 shares during the period. Fidelity National Financial accounts for approximately 2.6% of Hahn Capital Management LLC’s holdings, making the stock its 19th biggest holding. Hahn Capital Management LLC’s holdings in Fidelity National Financial were worth $4,084,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Canton Hathaway LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $26,000. Commonwealth Retirement Investments LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial in the second quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC boosted its stake in Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 353 shares during the last quarter. Finally, Torren Management LLC bought a new position in Fidelity National Financial in the fourth quarter valued at approximately $57,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.1%

Fidelity National Financial stock opened at $51.87 on Monday. The company’s 50 day simple moving average is $48.10 and its 200 day simple moving average is $50.20. 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 $13.96 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.19 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Fidelity National Financial’s payout ratio is 75.91%.

Wall Street Analyst Weigh In

Several analysts have commented on FNF shares. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens reduced their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. National Bank Financial set a $51.00 price objective on Fidelity National Financial in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average target price of $56.00.

Insider Activity

In related news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by company insiders.

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.