Intech Investment Management LLC Has $1.16 Million Stock Position in Fidelity National Financial, Inc. $FNF

Key Points

• Institutional manager Intech Investment Management cut its stake in Fidelity National Financial by 52.1%, selling 20,886 shares and ending the quarter with 19,201 shares worth about $1.16 million, while overall institutional ownership stands around 81.17%.
• Director Halim Dhanidina sold 6,000 shares on January 5 at an average price of $55.90, a 31.27% reduction in his holding; corporate insiders own about 5.5% of the stock.
• FNF reported quarterly EPS $1.41 (missed consensus by $0.10) with revenue of $4.05 billion (beat estimates), and announced a quarterly dividend of $0.52 (annualized yield ~4.2%) with a payout ratio near 97.65%.

Intech Investment Management LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 52.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,201 shares of the financial services provider's stock after selling 20,886 shares during the quarter. Intech Investment Management LLC's holdings in Fidelity National Financial were worth $1,161,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in Fidelity National Financial during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp grew its stake in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 429 shares during the period. Mather Group LLC. acquired a new stake in Fidelity National Financial in the third quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fidelity National Financial during the second quarter valued at approximately $29,000. Finally, Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial during the second quarter worth approximately $32,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FNF shares. Barclays cut their target price on Fidelity National Financial from $64.00 to $63.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 6th. National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a research note on Monday, February 23rd. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an "overweight" rating on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings cut shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.33.

Fidelity National Financial Stock Performance

NYSE FNF opened at $50.11 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $13.59 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 0.64 and a beta of 0.99. Fidelity National Financial, Inc. has a 52-week low of $48.42 and a 52-week high of $66.72. The company has a 50-day simple moving average of $54.16 and a 200 day simple moving average of $56.60.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The firm's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 earnings per share. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

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 given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 97.65%.

About Fidelity National Financial

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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