Burney Co. Has $1.15 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Burney Co. has reduced its holdings in Fidelity National Financial, Inc. by 24%, now owning $1.15 million worth of stock after selling 5,582 shares during the first quarter.
• Fidelity National Financial's latest earnings report revealed a miss on EPS estimates with $0.78 compared to a projected $1.13, resulting in a 17.3% drop in revenue year-over-year.
• In terms of dividends, Fidelity National Financial announced a quarterly payment of $0.50 per share, representing an annualized yield of 3.50%.

Burney Co. reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 24.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,689 shares of the financial services provider's stock after selling 5,582 shares during the quarter. Burney Co.'s holdings in Fidelity National Financial were worth $1,151,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FNF. Peddock Capital Advisors LLC raised its holdings in Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after buying an additional 178 shares during the period. Kaizen Financial Strategies raised its holdings in Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after buying an additional 188 shares during the period. My Legacy Advisors LLC raised its holdings in Fidelity National Financial by 2.3% during the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider's stock worth $567,000 after buying an additional 197 shares during the period. Private Trust Co. NA raised its holdings in Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after buying an additional 206 shares during the period. Finally, Xponance Inc. raised its holdings in Fidelity National Financial by 0.6% during the 1st quarter. Xponance Inc. now owns 45,893 shares of the financial services provider's stock worth $2,987,000 after buying an additional 267 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays dropped their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded up $0.65 during mid-day trading on Friday, hitting $57.08. 1,500,619 shares of the company were exchanged, compared to its average volume of 2,747,881. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $55.09 and a 200 day moving average of $58.73. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a market capitalization of $15.68 billion, a PE ratio of 14.13 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business's revenue was down 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.50%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.