Dynamic Advisor Solutions LLC Lowers Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Dynamic Advisor Solutions LLC cut its Fidelity National Financial holdings by 84.3% in the second quarter, selling 50,777 shares and retaining 9,425 shares worth approximately $444,000. Institutional investors collectively own 81.17% of FNF.
• FNF shares were trading at $47.92, down 4.5%, while the company reported quarterly earnings of $1.39 per share and revenue of $4.05 billion, exceeding analyst expectations. Revenue increased 11.4% year over year.
• Fidelity National Financial declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 payout and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.75.

Dynamic Advisor Solutions LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 84.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,425 shares of the financial services provider's stock after selling 50,777 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Fidelity National Financial were worth $444,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial during the second quarter worth about $32,000. Cary Street Partners Investment Advisory LLC raised its holdings in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider's stock worth $53,000 after purchasing an additional 353 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in Fidelity National Financial during the fourth quarter worth about $58,000. Finally, Torren Management LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Down 4.5%

FNF opened at $47.92 on Tuesday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.75 and a beta of 0.95. The firm's 50 day moving average is $49.08 and its 200-day moving average is $49.89. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. 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 (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share 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 the consensus estimate of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. Fidelity National Financial's payout ratio is currently 73.50%.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the company's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares of the company's stock, valued at $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating on the stock in a report on Monday. Stephens cut their target price on Fidelity National Financial from $61.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, May 12th. Barclays raised their price target on Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a report on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Finally, Zacks Research lowered Fidelity National Financial from a "hold" rating to a "strong sell" rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $56.75.

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.

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