Tradition Capital Management LLC Has $676,000 Position in Fidelity National Financial Inc (FNF)

Tradition Capital Management LLC cut its holdings in Fidelity National Financial Inc (NYSE:FNF) by 30.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,505 shares of the financial services provider’s stock after selling 8,105 shares during the period. Tradition Capital Management LLC’s holdings in Fidelity National Financial were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its position in shares of Fidelity National Financial by 9.5% during the third quarter. Teachers Advisors LLC now owns 420,561 shares of the financial services provider’s stock worth $16,549,000 after acquiring an additional 36,373 shares during the last quarter. Legal & General Group Plc lifted its position in Fidelity National Financial by 8.4% during the third quarter. Legal & General Group Plc now owns 1,607,524 shares of the financial services provider’s stock valued at $63,229,000 after purchasing an additional 124,359 shares during the last quarter. Morgan Stanley lifted its position in Fidelity National Financial by 77.8% during the third quarter. Morgan Stanley now owns 678,641 shares of the financial services provider’s stock valued at $26,705,000 after purchasing an additional 297,032 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Fidelity National Financial by 13.7% in the 3rd quarter. Marshall Wace North America L.P. now owns 8,810 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in shares of Fidelity National Financial by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after acquiring an additional 338,979 shares during the last quarter. 84.13% of the stock is owned by institutional investors.

Shares of Fidelity National Financial stock traded up $0.37 on Wednesday, reaching $38.85. The stock had a trading volume of 5,607 shares, compared to its average volume of 886,951. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Fidelity National Financial Inc has a 1 year low of $29.50 and a 1 year high of $41.41. The company has a market cap of $10.54 billion, a P/E ratio of 14.21 and a beta of 0.94.



Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Fidelity National Financial had a net margin of 9.67% and a return on equity of 16.03%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Fidelity National Financial Inc will post 2.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, June 13th. Fidelity National Financial’s payout ratio is currently 45.93%.

A number of research analysts have commented on the stock. Compass Point downgraded shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and raised their target price for the company from $42.50 to $43.75 in a research report on Monday, April 29th. They noted that the move was a valuation call. SunTrust Banks raised their target price on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research report on Friday, April 26th. ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Barclays reissued a “buy” rating and set a $42.00 target price on shares of Fidelity National Financial in a research report on Friday, February 15th. Finally, Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “sell” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.79.

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About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

Further Reading: Diluted Earnings Per Share

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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