Prime Capital Investment Advisors LLC Sells 11,168 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Fidelity National Financial by 12.6%, selling 11,168 shares to hold a total of 77,403 shares valued at approximately $4.34 million.
• Several large investors, including Millennium Management and AQR Capital Management, significantly increased their holdings in Fidelity National Financial during the first quarter.
• Fidelity National Financial recently missed earnings estimates, reporting $1.16 EPS against a consensus of $1.40, while also announcing a quarterly dividend of $0.50 per share.

Prime Capital Investment Advisors LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 12.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,403 shares of the financial services provider's stock after selling 11,168 shares during the period. Prime Capital Investment Advisors LLC's holdings in Fidelity National Financial were worth $4,339,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FNF. Nuveen LLC acquired a new position in Fidelity National Financial in the 1st quarter valued at $178,433,000. Millennium Management LLC boosted its stake in shares of Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock valued at $244,967,000 after buying an additional 1,817,124 shares during the period. AQR Capital Management LLC increased its stake in Fidelity National Financial by 70.6% during the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider's stock worth $129,264,000 after acquiring an additional 824,562 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Financial by 7.0% in the 1st 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 in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Fidelity National Financial during the 1st quarter valued at $25,037,000. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

FNF has been the subject of several recent analyst reports. Barclays reaffirmed a "cautious" rating on shares of Fidelity National Financial in a research report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Fidelity National Financial in a research report on Saturday, September 27th. Finally, National Bankshares set a $64.00 price target on Fidelity National Financial in a research note on Monday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $69.83.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $58.10 on Tuesday. The business has a 50 day moving average of $59.34 and a 200-day moving average of $58.59. The company has a market capitalization of $15.79 billion, a P/E ratio of 14.75 and a beta of 1.05. 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.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) 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.

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