Fidelity National Financial, Inc. $FNF is SWS Partners’ 3rd Largest Position

SWS Partners increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 900.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 483,645 shares of the financial services provider’s stock after buying an additional 435,281 shares during the period. Fidelity National Financial comprises about 4.9% of SWS Partners’ portfolio, making the stock its 3rd biggest position. SWS Partners owned 0.17% of Fidelity National Financial worth $26,402,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in FNF. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp raised its holdings in shares of Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth $29,000. Finally, Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial during the second quarter worth $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $46.19 on Thursday. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $66.72. The firm has a market capitalization of $12.52 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.59 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 company’s fifty day moving average price is $51.39 and its 200 day moving average price is $54.88.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio is 97.65%.

Insider Activity

In related news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on FNF. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. National Bank Financial set a $71.00 price objective on Fidelity National Financial in a report on Monday, February 23rd. Barclays cut their target price on 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, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Fidelity National Financial Company Profile

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.