Cambiar Investors LLC Sells 28,205 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Cambiar Investors LLC has decreased its holdings in Fidelity National Financial, Inc. by 13.0%, now owning approximately 0.07% of the company, which amounts to about $12.3 million.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating, while the stock has a current consensus rating of "Moderate Buy" with a target price of $71.20.
• The company has announced a quarterly dividend of $0.50 per share to be paid on September 30th, representing a 3.4% yield and with a payout ratio of 50.76%.

Cambiar Investors LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,233 shares of the financial services provider's stock after selling 28,205 shares during the quarter. Cambiar Investors LLC owned approximately 0.07% of Fidelity National Financial worth $12,315,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock valued at $1,768,543,000 after acquiring an additional 120,595 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock valued at $585,785,000 after acquiring an additional 588,113 shares during the period. Victory Capital Management Inc. increased its position in shares of Fidelity National Financial by 1.5% in the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock valued at $534,585,000 after acquiring an additional 121,096 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Fidelity National Financial by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock valued at $190,060,000 after acquiring an additional 16,095 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at about $178,433,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 1.4%

Shares of FNF traded up $0.8040 during trading hours on Tuesday, reaching $59.4940. 1,301,460 shares of the company traded hands, compared to its average volume of 1,462,140. The company's fifty day moving average price is $56.36 and its two-hundred day moving average price is $58.87. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 15.10 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72.

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

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a yield of 3.4%. Fidelity National Financial's payout ratio is presently 50.76%.

Analyst Ratings Changes

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

Fidelity National Financial Company 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.