Fidelity National Financial, Inc. $FNF Stock Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,857,255 shares of the financial services provider’s stock after selling 51,657 shares during the period. Fidelity National Financial accounts for 1.1% of Confluence Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. Confluence Investment Management LLC owned 0.69% of Fidelity National Financial worth $71,783,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Fidelity National Financial during the fourth quarter valued at $181,017,000. Bank of New York Mellon Corp acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $112,882,000. Dimensional Fund Advisors LP grew its stake in Fidelity National Financial by 30.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Fidelity National Financial by 70.3% in the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after purchasing an additional 369,908 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Fidelity National Financial by 74.4% in the 2nd quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock valued at $32,464,000 after purchasing an additional 293,761 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.0%

Shares of FNF traded up $0.38 during mid-day trading on Thursday, hitting $39.03. 1,463,700 shares of the company’s stock were exchanged, compared to its average volume of 1,862,967. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.61 and a beta of 0.93. The firm has a fifty day moving average of $46.84 and a two-hundred day moving average of $47.73. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a twelve month low of $38.06 and a twelve month high of $60.37.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. Fidelity National Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 5.3%. Fidelity National Financial’s dividend payout ratio is presently 73.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FNF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Barclays boosted their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Stephens reiterated an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. Finally, Zacks Research raised Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average price target of $56.00.

Fidelity National Financial Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.