Fidelity National Financial, Inc. $FNF Shares Sold by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. cut its stake in Fidelity National Financial by 37%, selling 24,449 shares and leaving 41,646 shares valued at about $2.27 million at quarter-end.
• Analysts have recently trimmed targets and ratings—Barclays cut its target to $54 while Keefe, Bruyette & Woods set $67—resulting in an average price target of $62.67 and a consensus rating of "Moderate Buy" (two Buy, two Hold).
• FNF reported Q4 EPS of $1.41, missing estimates by $0.10 while revenue rose to $4.05B, and it pays a quarterly dividend of $0.52 (annualized $2.08, ~4.1% yield) with a payout ratio of 97.65%.

Benjamin Edwards Inc. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 37.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,646 shares of the financial services provider's stock after selling 24,449 shares during the quarter. Benjamin Edwards Inc.'s holdings in Fidelity National Financial were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Fidelity National Financial during the 3rd quarter valued at about $26,000. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth about $26,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $29,000. Atlantic Union Bankshares Corp grew its holdings in shares of Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider's stock worth $29,000 after purchasing an additional 429 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays decreased their target price on Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, April 6th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. National Bank Financial set a $67.00 target price on Fidelity National Financial in a report on Friday, April 10th. Finally, Weiss Ratings cut Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.67.

Fidelity National Financial Stock Up 0.1%

NYSE FNF opened at $51.16 on Wednesday. The stock has a market cap of $13.77 billion, a PE ratio of 24.07, a P/E/G ratio of 0.65 and a beta of 1.00. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $64.98. The business has a 50 day moving average price of $48.64 and a two-hundred day moving average price of $53.44. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, March 17th. Fidelity National Financial's dividend payout ratio is currently 97.65%.

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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