NewEdge Advisors LLC Sells 12,058 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

NewEdge Advisors LLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 55.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,868 shares of the financial services provider’s stock after selling 12,058 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity National Financial were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Fidelity National Financial by 0.6% during the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after buying an additional 387,729 shares during the period. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 1.2% during the fourth 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 period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 34,634 shares during the period. Finally, Norges Bank purchased a new stake in Fidelity National Financial during the fourth quarter worth $158,386,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $62.69 on Monday. The business’s 50-day moving average is $62.37 and its two-hundred day moving average is $60.26. The company has a market capitalization of $17.24 billion, a P/E ratio of 13.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $70.99.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the firm earned $0.75 EPS. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s payout ratio is 43.01%.

Analyst Ratings Changes

Several brokerages have recently commented on FNF. 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 report on Tuesday, April 8th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Barclays increased their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Company Profile

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.