Benjamin Edwards Inc. Decreases Stock Position in Fidelity National Financial, Inc. $FNF

Benjamin Edwards Inc. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,646 shares of the financial services provider’s stock after selling 24,449 shares during the quarter. Benjamin Edwards Inc.’s holdings in Fidelity National Financial were worth $2,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNF. Quent Capital LLC purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at approximately $26,000. Canton Hathaway LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at approximately $26,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at approximately $29,000. Atlantic Union Bankshares Corp boosted its stake in shares of Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after buying an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

FNF stock opened at $51.16 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $13.77 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.65 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $64.98. The stock’s 50 day simple moving average is $48.64 and its 200 day simple moving average is $53.44.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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 firm had revenue of $4.05 billion for 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 period in the prior year, the company posted $1.34 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 97.65%.

Analyst Ratings Changes

Several research firms have recently commented on FNF. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Barclays reduced their target price on Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. National Bank Financial set a $67.00 target price on Fidelity National Financial in a research note on Friday, April 10th. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $62.67.

Fidelity National Financial 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.