Tudor Investment Corp ET AL Sells 63,353 Shares of Fidelity National Financial, Inc. $FNF

Tudor Investment Corp ET AL trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 60.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,388 shares of the financial services provider’s stock after selling 63,353 shares during the period. Tudor Investment Corp ET AL’s holdings in Fidelity National Financial were worth $2,504,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co lifted its holdings in shares of Fidelity National Financial by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 228 shares during the period. Burney Co. increased its stake in Fidelity National Financial by 1.4% in the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 243 shares during the last quarter. 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 purchasing an additional 248 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Fidelity National Financial by 7.7% during the second quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Fidelity National Financial by 7.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 277 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FNF shares. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research report on Monday, February 23rd. Barclays lowered their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.33.

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $45.76 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The stock has a market cap of $12.41 billion, a PE ratio of 21.53, a PEG ratio of 0.58 and a beta of 0.99. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $66.72. The business has a 50-day simple moving average of $51.81 and a two-hundred day simple moving average of $55.21.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share 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. Shareholders of record on Tuesday, March 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is 97.65%.

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.