Kingsview Wealth Management LLC Sells 41,253 Shares of Fidelity National Financial, Inc. $FNF

Kingsview Wealth Management LLC lowered its position in Fidelity National Financial, Inc. (NYSE:FNF) by 80.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,337 shares of the financial services provider’s stock after selling 41,253 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Fidelity National Financial were worth $625,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after acquiring an additional 47,267 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 8,494 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Fidelity National Financial by 91.0% during the second quarter. First Horizon Advisors Inc. now owns 808 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 385 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Fidelity National Financial by 9.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 84,891 shares of the financial services provider’s stock valued at $4,764,000 after purchasing an additional 7,445 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Fidelity National Financial by 12.7% in the 2nd quarter. Penserra Capital Management LLC now owns 20,008 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 2,261 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $50.11 on Friday. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s fifty day moving average price is $54.16 and its 200 day moving average price is $56.60. Fidelity National Financial, Inc. has a 1 year low of $48.42 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is 97.65%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FNF shares. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays dropped their price target on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Stephens initiated coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

About Fidelity National Financial

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.