Dimensional Fund Advisors LP Sells 159,641 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Fidelity National Financial, Inc. by 4.7%, owning 3,225,779 shares valued at approximately $209.92 million as of the latest SEC filing.
• Fidelity National Financial reported earnings per share of $1.16 for the last quarter, falling short of analyst estimates of $1.40, despite a 15.1% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.4% yield, set to be paid on September 30th to shareholders on record as of September 16th.

Dimensional Fund Advisors LP decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,225,779 shares of the financial services provider's stock after selling 159,641 shares during the quarter. Dimensional Fund Advisors LP owned 1.17% of Fidelity National Financial worth $209,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FNF. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after buying an additional 208 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial in the 1st quarter worth $36,000. Finally, Olde Wealth Management LLC bought a new position in shares of Fidelity National Financial in the 1st quarter worth $40,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 2.4%

FNF stock traded up $1.4450 during midday trading on Friday, hitting $60.8050. The stock had a trading volume of 784,025 shares, compared to its average volume of 1,254,577. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 15.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The business has a 50-day moving average of $56.61 and a two-hundred day moving average of $58.91.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's payout ratio is presently 50.76%.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Profile

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.