Fidelity National Financial, Inc. $FNF Shares Sold by Schroder Investment Management Group

Key Points

• Schroder Investment Management trimmed its stake in Fidelity National Financial by 6.7%, selling 78,423 shares and leaving it with 1,084,995 shares worth about $64.9 million; overall institutional ownership stands at roughly 81.17% with other funds (notably Cooke & Bieler) materially increasing positions.
• FNF missed on EPS with $1.41 versus a $1.51 consensus but beat on revenue at $4.05 billion (up 11.9% year-over-year), and reported a return on equity of 15.06%.
• The company announced a quarterly dividend of $0.52 (annualized $2.08) for a ~4.3% yield

Schroder Investment Management Group trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,084,995 shares of the financial services provider's stock after selling 78,423 shares during the quarter. Schroder Investment Management Group owned approximately 0.40% of Fidelity National Financial worth $64,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in Fidelity National Financial by 76.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider's stock worth $3,038,000 after buying an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Fidelity National Financial in the third quarter valued at $14,576,000. Federated Hermes Inc. lifted its stake in Fidelity National Financial by 13.4% in the second quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider's stock valued at $9,279,000 after buying an additional 19,503 shares during the last quarter. Cooke & Bieler LP boosted its holdings in shares of Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider's stock valued at $318,081,000 after acquiring an additional 574,189 shares during the period. Finally, CWM LLC boosted its holdings in shares of Fidelity National Financial by 389.7% during the third quarter. CWM LLC now owns 120,505 shares of the financial services provider's stock valued at $7,289,000 after acquiring an additional 95,895 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Down 2.1%

Fidelity National Financial stock opened at $48.42 on Wednesday. The firm has a 50 day simple moving average of $53.91 and a 200-day simple moving average of $56.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $13.13 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99. Fidelity National Financial, Inc. has a 12-month low of $48.29 and a 12-month high of $66.72.

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 analyst estimates of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 97.65%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FNF shares. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research note on Monday, February 23rd. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. Finally, Stephens assumed coverage on Fidelity National Financial in a report on Friday, November 14th. They set an "overweight" rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.33.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company's stock, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by insiders.

Fidelity National Financial Company Profile

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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