Wedge Capital Management L L P NC Trims Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Wedge Capital Management L L P NC cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 15.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 529,961 shares of the financial services provider's stock after selling 95,039 shares during the period. Wedge Capital Management L L P NC owned about 0.19% of Fidelity National Financial worth $34,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital Analysts LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth about $29,000. Parkside Financial Bank & Trust lifted its position in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after buying an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $37,000. Kapitalo Investimentos Ltda acquired a new position in Fidelity National Financial in the 4th quarter valued at about $44,000. Finally, Colonial Trust Co SC grew its position in Fidelity National Financial by 130.1% in the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $54.71 on Friday. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50-day moving average of $59.26 and a 200 day moving average of $59.70. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly 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). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.66%. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Wall Street Analyst Weigh In

Several brokerages have recently commented 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 note on Tuesday, April 8th. Barclays upped their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Stephens increased their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

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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