Flinton Capital Management LLC Reduces Stake in Fidelity National Financial Inc (FNF)
Flinton Capital Management LLC decreased its holdings in Fidelity National Financial Inc (NYSE:FNF) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,988 shares of the financial services provider’s stock after selling 31,332 shares during the period. Flinton Capital Management LLC’s holdings in Fidelity National Financial were worth $503,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Fidelity National Financial by 3.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,915 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 416 shares during the period. Athena Capital Advisors LLC increased its holdings in Fidelity National Financial by 1.0% in the fourth quarter. Athena Capital Advisors LLC now owns 52,382 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 511 shares during the last quarter. Whittier Trust Co. increased its holdings in Fidelity National Financial by 11.1% in the fourth quarter. Whittier Trust Co. now owns 5,792 shares of the financial services provider’s stock worth $182,000 after buying an additional 577 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Fidelity National Financial by 6.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,496 shares of the financial services provider’s stock worth $330,000 after buying an additional 650 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Fidelity National Financial by 2.6% in the fourth quarter. Advisor Group Inc. now owns 36,821 shares of the financial services provider’s stock worth $1,157,000 after buying an additional 950 shares during the last quarter. Institutional investors own 82.06% of the company’s stock.
A number of research firms recently commented on FNF. Barclays restated a “buy” rating and issued a $42.00 price objective on shares of Fidelity National Financial in a report on Friday, February 15th. Zacks Investment Research downgraded Fidelity National Financial from a “buy” rating to a “sell” rating in a report on Thursday, February 14th. ValuEngine upgraded Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Compass Point began coverage on Fidelity National Financial in a report on Thursday, January 24th. They issued a “buy” rating and a $43.25 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.56.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.91 billion. Fidelity National Financial had a return on equity of 16.28% and a net margin of 8.27%. The company’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, sell-side analysts anticipate that Fidelity National Financial Inc will post 2.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.24 dividend on an annualized basis and a yield of 3.53%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.30. Fidelity National Financial’s dividend payout ratio is presently 44.44%.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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