Stephens Inc. AR Boosts Stock Holdings in Fidelity National Financial, Inc. $FNF

Stephens Inc. AR grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,983 shares of the financial services provider’s stock after buying an additional 11,739 shares during the quarter. Stephens Inc. AR owned 0.08% of Fidelity National Financial worth $9,646,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Windacre Partnership LLC boosted its position in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares in the last quarter. Norges Bank purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $181,017,000. Alliancebernstein L.P. boosted its position in shares of Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after purchasing an additional 2,970,460 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Fidelity National Financial in the fourth quarter worth $36,362,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF traded up $0.81 during mid-day trading on Tuesday, hitting $49.52. 169,299 shares of the company traded hands, compared to its average volume of 1,789,924. The stock’s fifty day moving average price is $48.38 and its 200-day moving average price is $50.53. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last released 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). The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. Research analysts anticipate that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. Fidelity National Financial’s payout ratio is currently 75.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Keefe, Bruyette & Woods decreased 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 note on Thursday, June 25th. National Bank Financial set a $51.00 price target on Fidelity National Financial in a report on Tuesday. Stephens dropped their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.75.

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.