Fidelity National Financial, Inc. $FNF Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 77.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,444 shares of the financial services provider’s stock after selling 18,311 shares during the quarter. Johnson Financial Group Inc.’s holdings in Fidelity National Financial were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Canton Hathaway LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial in the second quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC increased its position in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the topic of several recent analyst reports. Stephens decreased their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. National Bank Financial set a $51.00 price objective on Fidelity National Financial in a report on Tuesday, July 7th. Finally, Barclays increased their price objective on Fidelity National Financial from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $50.22 on Thursday. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 0.75 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, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The company’s 50 day simple moving average is $48.27 and its 200-day simple moving average is $50.11.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.19 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president directly 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 through this link. 5.70% of the stock is currently owned by company insiders.

Fidelity National Financial 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.