Fox Run Management L.L.C. Has $608,000 Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Fox Run Management L.L.C. reduced its stake in Fidelity National Financial by **44.5%**, owning 9,348 shares after selling 7,483 shares in the first quarter.
• Barclays lowered its price target on Fidelity National Financial from $67.00 to **$65.00**, maintaining an "equal weight" rating.
• The company reported a **missed earnings estimate**, with an EPS of **$1.16** compared to the consensus of $1.40, despite a **15.1%** increase in quarterly revenue year-over-year.

Fox Run Management L.L.C. decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,348 shares of the financial services provider's stock after selling 7,483 shares during the quarter. Fox Run Management L.L.C.'s holdings in Fidelity National Financial were worth $608,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pallas Capital Advisors LLC grew its stake in shares of Fidelity National Financial by 109.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after buying an additional 6,405 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Fidelity National Financial by 5.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after buying an additional 1,267 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after buying an additional 206 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Fidelity National Financial by 4.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after buying an additional 3,510 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Fidelity National Financial by 3.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after buying an additional 2,807 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Separately, Barclays lowered their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Stock Performance

FNF traded up $0.8040 on Tuesday, hitting $59.4940. The company had a trading volume of 1,301,460 shares, compared to its average volume of 1,462,140. The company's fifty day moving average price is $56.36 and its 200 day moving average price is $58.87. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 15.10 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share 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 during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity National Financial's payout ratio is 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.