Snowden Capital Advisors LLC Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Snowden Capital Advisors LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 73.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,887 shares of the financial services provider’s stock after selling 49,930 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Fidelity National Financial were worth $1,004,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FNF. Vanguard Group Inc. raised its position in shares of Fidelity National Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock valued at $1,518,829,000 after buying an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after purchasing an additional 387,729 shares during the last quarter. Victory Capital Management Inc. lifted its position in Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock worth $454,351,000 after buying an additional 98,751 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after acquiring an additional 34,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider’s stock worth $190,060,000 after acquiring an additional 16,095 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Down 0.4%

NYSE FNF opened at $57.99 on Tuesday. Fidelity National Financial, Inc. has a 1 year low of $47.79 and a 1 year high of $66.72. The stock has a market capitalization of $15.93 billion, a PE ratio of 12.47 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business’s 50-day moving average is $62.13 and its 200 day moving average is $60.28.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial’s revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

About Fidelity National Financial

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.