Pacer Advisors Inc. Has $428,000 Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Pacer Advisors Inc. reduced its stake in Fidelity National Financial by 86.8%, selling 43,347 shares and leaving it with 6,580 shares valued at approximately $428,000.
• Fidelity National Financial's quarterly earnings report showed an EPS of $0.78, missing estimates of $1.13, with revenue down 17.3% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Fidelity National Financial, with an average target price of $71.20.

Pacer Advisors Inc. decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 86.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,580 shares of the financial services provider's stock after selling 43,347 shares during the quarter. Pacer Advisors Inc.'s holdings in Fidelity National Financial were worth $428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after buying an additional 168 shares during the period. Journey Strategic Wealth LLC lifted its holdings in shares of Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after purchasing an additional 175 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in shares of Fidelity National Financial by 3.2% during the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 178 shares during the last quarter. Kaizen Financial Strategies lifted its holdings in shares of Fidelity National Financial by 4.8% during the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 188 shares during the last quarter. Finally, My Legacy Advisors LLC lifted its holdings in shares of Fidelity National Financial by 2.3% during the first quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider's stock valued at $567,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.3%

FNF stock traded up $0.16 during mid-day trading on Wednesday, hitting $58.25. The stock had a trading volume of 532,876 shares, compared to its average volume of 1,600,865. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a fifty day moving average of $55.40 and a 200 day moving average of $58.80. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 14.41 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The business's revenue for the quarter was down 17.3% on a year-over-year basis. On average, equities 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 was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Analysts Set New Price Targets

Several research firms recently weighed in on FNF. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research report on Tuesday, April 8th. Barclays dropped their price target on 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average target price of $71.20.

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.