Fidelity National Financial, Inc. $FNF Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Fidelity National Financial by 35.9%, now holding 13,053 shares valued at $849,000.
• Barclays PLC decreased their price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating.
• Fidelity National Financial will pay a quarterly dividend of $0.50 per share on September 30, representing an annualized yield of 3.4%.

Gulf International Bank UK Ltd reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 35.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,053 shares of the financial services provider's stock after selling 7,317 shares during the quarter. Gulf International Bank UK Ltd's holdings in Fidelity National Financial were worth $849,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Fidelity National Financial by 6.8% during the 1st quarter. Russell Investments Group Ltd. now owns 102,309 shares of the financial services provider's stock worth $6,658,000 after buying an additional 6,486 shares in the last quarter. Prudential PLC bought a new stake in Fidelity National Financial during the first quarter worth $215,000. Resona Asset Management Co. Ltd. lifted its holdings in Fidelity National Financial by 5.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 77,446 shares of the financial services provider's stock worth $5,037,000 after acquiring an additional 3,783 shares during the period. Independent Advisor Alliance increased its position in Fidelity National Financial by 3.8% in the first quarter. Independent Advisor Alliance now owns 5,818 shares of the financial services provider's stock worth $379,000 after buying an additional 211 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at $178,433,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays dropped 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.8040 during trading hours on Tuesday, reaching $59.4940. The stock had a trading volume of 1,301,460 shares, compared to its average volume of 1,462,140. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The firm has a market capitalization of $16.17 billion, a PE ratio of 15.10 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $56.36 and its 200 day moving average is $58.87.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly 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). The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business's quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Equities analysts expect 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. Stockholders of record on Tuesday, September 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is presently 50.76%.

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.