NewEdge Advisors LLC Has $1.91 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

NewEdge Advisors LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 32.2% during the 1st quarter, HoldingsChannel reports. The fund owned 41,193 shares of the financial services provider’s stock after selling 19,533 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity National Financial were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FNF. Windacre Partnership LLC raised its holdings in shares of Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the last quarter. Norges Bank bought a new stake in shares of Fidelity National Financial in the fourth quarter worth $181,017,000. AQR Capital Management LLC boosted its holdings in 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 worth $304,503,000 after purchasing an additional 2,174,220 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Fidelity National Financial by 368.3% during the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after purchasing an additional 1,392,560 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Fidelity National Financial by 30.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after purchasing an additional 973,891 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $49.43 on Friday. 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 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $49.24 and a 200 day simple moving average of $49.76. The stock has a market capitalization of $13.26 billion, a PE ratio of 17.45, a P/E/G ratio of 0.74 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 5.14 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 73.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Barclays increased their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Stephens decreased their price objective 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. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, National Bank Financial set a $54.00 target price on Fidelity National Financial in a report on Friday, August 7th. Two investment 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.75.

Insider Activity

In related news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated 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 directly owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

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.