11,101 Shares in Fidelity National Financial, Inc. $FNF Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the first quarter, Holdings Channel.com reports. The institutional investor bought 11,101 shares of the financial services provider’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in shares of Fidelity National Financial by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 192 shares in the last quarter. Kera Capital Partners Inc. increased its position in shares of Fidelity National Financial by 6.1% in the fourth quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 228 shares during the last quarter. Fiduciary Trust Co raised its stake in Fidelity National Financial by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 228 shares in the last quarter. Brooklyn Investment Group raised its stake in Fidelity National Financial by 2.1% in the fourth quarter. Brooklyn Investment Group now owns 11,272 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 231 shares in the last quarter. Finally, 44 Wealth Management LLC raised its stake in Fidelity National Financial by 1.7% in the fourth quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $51.67 on Friday. The stock’s 50-day moving average is $48.71 and its 200 day moving average is $49.98. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.78 and a beta of 0.96. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year 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.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (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 during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.70% of the company’s stock.

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.