Burney Co. Buys 51,584 Shares of Fidelity National Financial, Inc. $FNF

Burney Co. increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 288.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 69,461 shares of the financial services provider’s stock after purchasing an additional 51,584 shares during the quarter. Burney Co.’s holdings in Fidelity National Financial were worth $3,222,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sage Rhino Capital LLC lifted its stake in Fidelity National Financial by 8.8% in the first quarter. Sage Rhino Capital LLC now owns 4,325 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 351 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Fidelity National Financial by 6.0% during the 1st quarter. Stephens Inc. AR now owns 207,983 shares of the financial services provider’s stock worth $9,646,000 after purchasing an additional 11,739 shares during the last quarter. Praxis Investment Management Inc. acquired a new position in shares of Fidelity National Financial during the 1st quarter worth about $329,000. V Square Quantitative Management LLC raised its holdings in shares of Fidelity National Financial by 180.0% in the 1st quarter. V Square Quantitative Management LLC now owns 4,805 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 3,089 shares during the period. Finally, CWS Financial Advisors LLC raised its holdings in shares of Fidelity National Financial by 4.7% in the 1st quarter. CWS Financial Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 361 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FNF. Barclays lifted their price target on Fidelity National Financial from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Finally, National Bank Financial set a $51.00 price target on Fidelity National Financial in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insiders Place Their Bets

In other news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Fidelity National Financial Price Performance

NYSE:FNF opened at $49.37 on Wednesday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50-day simple moving average is $48.32 and its 200 day simple moving average is $50.49. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.71 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.2%. Fidelity National Financial’s payout ratio is currently 75.91%.

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.