Miles Capital Inc. lowered its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,684 shares of the financial services provider’s stock after selling 467 shares during the period. Miles Capital Inc.’s holdings in Fidelity National Financial were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. IFP Advisors Inc lifted its position in Fidelity National Financial by 104.2% during the 4th quarter. IFP Advisors Inc now owns 680 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 347 shares during the period. First Financial Corp IN acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $36,000. Griffin Asset Management Inc. acquired a new stake in Fidelity National Financial in the 2nd quarter valued at $36,000. Prime Capital Investment Advisors LLC purchased a new stake in Fidelity National Financial in the 3rd quarter worth $51,000. Finally, Allred Capital Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $67,000. Institutional investors own 81.31% of the company’s stock.
NYSE FNF traded up $0.03 during trading hours on Tuesday, hitting $47.34. The company had a trading volume of 16,118 shares, compared to its average volume of 944,771. Fidelity National Financial Inc has a fifty-two week low of $33.86 and a fifty-two week high of $48.40. The firm’s 50 day moving average is $46.16 and its 200 day moving average is $44.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 17.17 and a beta of 0.81.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.88 by $0.22. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted $0.78 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial Inc will post 3.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.33 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, December 16th. Fidelity National Financial’s dividend payout ratio is presently 48.89%.
A number of research firms have weighed in on FNF. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $49.00 to $48.00 in a research note on Wednesday, October 9th. Finally, ValuEngine lowered Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Fidelity National Financial currently has an average rating of “Buy” and a consensus price target of $46.54.
Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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