Fidelity National Financial, Inc. $FNF Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,554 shares of the financial services provider’s stock after selling 207 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Fidelity National Financial were worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FNF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Fidelity National Financial during the 4th quarter valued at approximately $62,000. Quantinno Capital Management LP raised its stake in Fidelity National Financial by 122.8% during the 4th quarter. Quantinno Capital Management LP now owns 31,950 shares of the financial services provider’s stock valued at $1,794,000 after acquiring an additional 17,613 shares in the last quarter. ProShare Advisors LLC raised its stake in Fidelity National Financial by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 12,162 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 838 shares in the last quarter. Toronto Dominion Bank raised its stake in Fidelity National Financial by 6.9% during the 4th quarter. Toronto Dominion Bank now owns 33,943 shares of the financial services provider’s stock valued at $1,906,000 after acquiring an additional 2,198 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Fidelity National Financial by 5.7% during the 4th quarter. Two Sigma Advisers LP now owns 31,700 shares of the financial services provider’s stock valued at $1,780,000 after acquiring an additional 1,700 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 $58.74 on Thursday. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $15.96 billion, a PE ratio of 14.91 and a beta of 1.05. The stock has a 50-day simple moving average of $58.06 and a 200 day simple moving average of $59.01.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the firm posted $1.24 EPS. Fidelity National Financial’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s payout ratio is currently 50.76%.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.20.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.