Hahn Capital Management LLC Sells 13,398 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Hahn Capital Management LLC reduced its stake in Fidelity National Financial by 9.8%, selling 13,398 shares, while its holdings represent 3.9% of the firm's total portfolio.
• Fidelity National Financial's stock is currently trading at $60.77, with a 52-week range between $50.61 and $66.72.
• The company reported $1.16 earnings per share for the most recent quarter, missing consensus estimates, despite a revenue increase of 15.1% year-over-year.

Hahn Capital Management LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,632 shares of the financial services provider's stock after selling 13,398 shares during the period. Fidelity National Financial accounts for about 3.9% of Hahn Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Hahn Capital Management LLC's holdings in Fidelity National Financial were worth $7,981,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. Rise Advisors LLC bought a new stake in Fidelity National Financial during the first quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial in the first quarter valued at about $32,000. Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial in the first quarter worth about $36,000. Finally, Olde Wealth Management LLC bought a new position in shares of Fidelity National Financial in the first quarter worth about $40,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

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

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded up $0.40 on Wednesday, hitting $58.86. 312,167 shares of the company were exchanged, compared to its average volume of 1,532,584. The company's 50 day moving average price is $57.98 and its two-hundred day moving average price is $59.01. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 14.96 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. Research 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 will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Fidelity National Financial's payout ratio is presently 50.76%.

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.