Sound Income Strategies LLC Raises Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Sound Income Strategies LLC boosted its stake in Fidelity National Financial by 342,784.1% in Q4, adding 150,825 shares to hold 150,869 shares worth about $7.98 million (roughly 0.05% of the company).
• FNF's most recent quarter showed EPS of $1.41 (missing the $1.51 consensus) while revenue rose 11.9% year-over-year to $4.05 billion and topped estimates.
• Fidelity National Financial pays a quarterly dividend of $0.52 ($2.08 annual, ~4.5% yield) but has a high payout ratio of 97.65%; analysts are mixed with an average price target of $65.33 and a "Moderate Buy" consensus.

Sound Income Strategies LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 342,784.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 150,869 shares of the financial services provider's stock after acquiring an additional 150,825 shares during the period. Sound Income Strategies LLC owned approximately 0.05% of Fidelity National Financial worth $7,976,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FNF. Goldman Sachs Group Inc. grew its stake in shares of Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider's stock worth $40,975,000 after acquiring an additional 47,267 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider's stock worth $941,000 after acquiring an additional 8,494 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Fidelity National Financial by 5.7% during the second quarter. Lido Advisors LLC now owns 9,130 shares of the financial services provider's stock worth $512,000 after purchasing an additional 492 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Fidelity National Financial by 7.7% during the second quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider's stock worth $204,000 after purchasing an additional 260 shares during the period. Finally, CW Advisors LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth about $408,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FNF. Weiss Ratings downgraded Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Barclays decreased their target price on Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Wall Street Zen downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. Finally, National Bank Financial set a $71.00 target price on Fidelity National Financial in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $65.33.

Fidelity National Financial Trading Up 1.8%

Fidelity National Financial stock opened at $46.53 on Tuesday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $65.33. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01. The stock has a 50-day moving average price of $50.89 and a 200 day moving average price of $54.57. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company's revenue was up 11.9% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. Fidelity National Financial's payout ratio is presently 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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