Fidelity National Financial, Inc. $FNF Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,590 shares of the financial services provider’s stock after selling 10,493 shares during the quarter. Wealthfront Advisers LLC’s holdings in Fidelity National Financial were worth $2,346,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Fidelity National Financial by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider’s stock valued at $117,313,000 after buying an additional 13,147 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Fidelity National Financial by 13.7% in the first quarter. Illinois Municipal Retirement Fund now owns 72,139 shares of the financial services provider’s stock valued at $3,346,000 after acquiring an additional 8,670 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Fidelity National Financial in the first quarter valued at about $300,000. Calamos Advisors LLC purchased a new stake in shares of Fidelity National Financial in the first quarter valued at about $300,000. Finally, Bleakley Financial Group LLC increased its stake in shares of Fidelity National Financial by 1.9% during the first quarter. Bleakley Financial Group LLC now owns 130,264 shares of the financial services provider’s stock worth $6,042,000 after acquiring an additional 2,480 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Down 2.0%

Shares of Fidelity National Financial stock opened at $50.84 on Tuesday. The company has a 50-day moving average of $48.15 and a two-hundred day moving average of $50.17. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.68 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $0.78 EPS. Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 5.19 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Insiders Place Their Bets

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Barclays lifted their price objective on Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Finally, Stephens reduced their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.00.

Fidelity National Financial 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.