HighTower Advisors LLC Sells 16,474 Shares of Fidelity National Financial, Inc. $FNF

HighTower Advisors LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 452,028 shares of the financial services provider’s stock after selling 16,474 shares during the period. HighTower Advisors LLC’s holdings in Fidelity National Financial were worth $24,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in Fidelity National Financial by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 192 shares in the last quarter. Fiduciary Trust Co increased its holdings in shares of Fidelity National Financial by 2.0% during the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 228 shares in the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Fidelity National Financial by 5.3% during the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 243 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Fidelity National Financial by 7.9% in the 2nd 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. Finally, Pathstone Holdings LLC increased its stake in Fidelity National Financial by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 31,267 shares of the financial services provider’s stock valued at $1,891,000 after purchasing an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the topic of several analyst reports. Stephens dropped their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Price Performance

FNF opened at $48.65 on Friday. The company’s 50-day simple moving average is $48.21 and its two-hundred day simple moving average is $52.83. 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 stock has a market capitalization of $13.09 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.70 and a beta of 1.00. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 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 company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts predict that Fidelity National Financial, Inc. will post 5.4 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s payout ratio is 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.