Fidelity National Financial, Inc. $FNF Holdings Trimmed by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,084,995 shares of the financial services provider’s stock after selling 78,423 shares during the quarter. Schroder Investment Management Group’s holdings in Fidelity National Financial were worth $64,904,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FNF. Islay Capital Management LLC boosted its position in shares of Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after buying an additional 200 shares during the period. Burney Co. raised its position in Fidelity National Financial by 1.4% during the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after buying an additional 243 shares during the period. Centennial Wealth Advisory LLC raised its position in Fidelity National Financial by 5.7% during the third quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock valued at $277,000 after buying an additional 248 shares during the period. Fisher Asset Management LLC lifted its stake in Fidelity National Financial by 7.7% in the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 260 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Fidelity National Financial by 7.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity

In related news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Trading Down 2.1%

NYSE:FNF opened at $48.42 on Wednesday. The stock’s 50 day moving average price is $53.91 and its 200 day moving average price is $56.42. Fidelity National Financial, Inc. has a 52 week low of $48.29 and a 52 week high of $66.72. The company has a market capitalization of $13.13 billion, a P/E ratio of 22.78, a P/E/G ratio of 0.63 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24.

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

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNF. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Stephens initiated coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating for the company. National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a report on Monday, February 23rd. Barclays lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.