Kennedy Capital Management LLC Sells 17,031 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Kennedy Capital Management LLC reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,876 shares of the financial services provider’s stock after selling 17,031 shares during the period. Kennedy Capital Management LLC’s holdings in Fidelity National Financial were worth $2,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNF. Vanguard Group Inc. grew its stake in Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Fidelity National Financial by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock valued at $311,916,000 after acquiring an additional 171,521 shares during the period. Victory Capital Management Inc. raised its stake in Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after purchasing an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at $135,347,000. Finally, Bank of Nova Scotia grew its position in Fidelity National Financial by 52.8% in the 4th quarter. Bank of Nova Scotia now owns 1,338,200 shares of the financial services provider’s stock worth $68,272,000 after purchasing an additional 462,425 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.1 %

Shares of FNF stock traded up $0.07 during trading hours on Wednesday, hitting $55.11. 88,295 shares of the company were exchanged, compared to its average volume of 1,312,916. Fidelity National Financial, Inc. has a 52 week low of $37.10 and a 52 week high of $55.45. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $50.60 and a two-hundred day moving average of $50.70. The company has a market capitalization of $15.06 billion, a PE ratio of 18.11 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Fidelity National Financial’s revenue for the quarter was up 33.3% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.48%. Fidelity National Financial’s payout ratio is presently 63.16%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on FNF. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Barclays lifted their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, July 2nd. Finally, Stephens boosted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $55.40.

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.