Swiss National Bank Sells 38,800 Shares of Fidelity National Financial, Inc. $FNF
by Danessa Lincoln · The Markets DailySwiss National Bank lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 751,900 shares of the financial services provider’s stock after selling 38,800 shares during the period. Swiss National Bank’s holdings in Fidelity National Financial were worth $45,482,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Fidelity National Financial by 3.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 109,738 shares of the financial services provider’s stock worth $6,637,000 after acquiring an additional 3,617 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Fidelity National Financial during the third quarter valued at approximately $493,000. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Fidelity National Financial by 34.0% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 26,292 shares of the financial services provider’s stock valued at $1,590,000 after acquiring an additional 6,667 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Fidelity National Financial by 9.5% in the third quarter. Natixis Advisors LLC now owns 356,859 shares of the financial services provider’s stock valued at $21,586,000 after purchasing an additional 30,875 shares during the period. Finally, Ameriflex Group Inc. boosted its holdings in shares of Fidelity National Financial by 99.7% in the third quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after purchasing an additional 28,626 shares during the period. Institutional investors own 81.17% of the company’s stock.
Fidelity National Financial Stock Down 1.7%
NYSE:FNF opened at $46.37 on Friday. The company’s 50-day simple moving average is $53.60 and its 200-day simple moving average is $56.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $45.94 and a fifty-two week high of $66.72. The stock has a market capitalization of $12.57 billion, a P/E ratio of 21.82, a P/E/G ratio of 0.60 and a beta of 0.99.
Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm earned $1.34 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio is presently 97.65%.
Insider Activity at Fidelity National Financial
In other news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.50% of the company’s stock.
Analyst Upgrades and Downgrades
FNF has been the topic of several research reports. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays lowered their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, National Bank Financial set a $71.00 price objective on Fidelity National Financial in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.
Read Our Latest Stock Report on FNF
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.
Further Reading
- Five stocks we like better than Fidelity National Financial
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
- Silver paying 20% dividend. Plus 68% share gains
Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF – Free Report).