Tudor Investment Corp ET AL Sells 63,353 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Tudor Investment Corp cut its stake in Fidelity National Financial by 60.5%, selling 63,353 shares in Q3 and leaving 41,388 shares valued at about $2.50 million per its SEC filing.
• FNF reported quarterly EPS of $1.41, missing the $1.51 consensus, while revenue was $4.05 billion—beating estimates and up 11.9% year-over-year.
• The company pays a quarterly dividend of $0.52 (annualized yield ~4.4%) but with a high payout ratio (~97.7%), and analyst coverage is mixed with a consensus "Moderate Buy" and a $62.67 price target amid recent downgrades.

Tudor Investment Corp ET AL trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 60.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,388 shares of the financial services provider's stock after selling 63,353 shares during the period. Tudor Investment Corp ET AL's holdings in Fidelity National Financial were worth $2,504,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FNF. Severin Investments LLC acquired a new position in Fidelity National Financial during the 3rd quarter valued at $205,000. Allworth Financial LP raised its stake in Fidelity National Financial by 31.9% during the 3rd quarter. Allworth Financial LP now owns 10,542 shares of the financial services provider's stock valued at $638,000 after purchasing an additional 2,548 shares during the last quarter. IFP Advisors Inc raised its stake in Fidelity National Financial by 2.8% during the 3rd quarter. IFP Advisors Inc now owns 62,659 shares of the financial services provider's stock valued at $3,790,000 after purchasing an additional 1,718 shares during the last quarter. Innova Wealth Partners acquired a new position in Fidelity National Financial during the 3rd quarter valued at $253,000. Finally, CIBC Private Wealth Group LLC raised its stake in Fidelity National Financial by 184.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,107 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 1,367 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Down 0.8%

Shares of NYSE:FNF opened at $47.44 on Friday. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $65.33. The company's 50-day moving average price is $50.32 and its two-hundred day moving average price is $54.28. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $12.86 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 1.01.

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 (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 business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. Fidelity National Financial's dividend payout ratio is presently 97.65%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FNF. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating for the company in a research note on Friday. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. National Bank Financial set a $67.00 price target on shares of Fidelity National Financial in a report on Friday. Weiss Ratings lowered shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Finally, Barclays lowered their price target on shares of Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.67.

Fidelity National Financial Profile

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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