Stephens Inc. AR Reduces Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Stephens Inc. AR lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 139,252 shares of the financial services provider's stock after selling 27,891 shares during the quarter. Stephens Inc. AR owned approximately 0.05% of Fidelity National Financial worth $9,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at approximately $32,000. Synergy Investment Management LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at approximately $36,000. Olde Wealth Management LLC bought a new position in Fidelity National Financial during the 1st quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda bought a new position in Fidelity National Financial during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.37 during trading hours on Thursday, hitting $53.67. The company's stock had a trading volume of 217,658 shares, compared to its average volume of 1,302,969. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50 day moving average price of $55.41 and a two-hundred day moving average price of $58.76. The company has a market cap of $14.74 billion, a PE ratio of 13.28 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 (EPS) 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 the consensus estimate of $3.32 billion. During the same period last year, the firm posted $0.91 earnings per share. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. Analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.73%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays reduced their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial 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.