Carret Asset Management LLC Has $1.69 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Carret Asset Management LLC lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,775 shares of the financial services provider’s stock after selling 700 shares during the period. Carret Asset Management LLC’s holdings in Fidelity National Financial were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $27,000. VisionPoint Advisory Group LLC raised its holdings in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 381 shares in the last quarter. Mather Group LLC. acquired a new position in Fidelity National Financial in the 1st quarter valued at $31,000. MCF Advisors LLC lifted its position in shares of Fidelity National Financial by 116.0% during the 1st quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 362 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth $44,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on FNF. Stephens boosted their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Barclays increased their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Price Performance

Shares of FNF traded down $0.58 during trading hours on Wednesday, reaching $48.77. The stock had a trading volume of 696,047 shares, compared to its average volume of 1,357,498. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial, Inc. has a 12 month low of $34.96 and a 12 month high of $53.96. The stock has a market capitalization of $13.33 billion, a PE ratio of 16.24 and a beta of 1.35. The company’s 50-day moving average is $50.34 and its two-hundred day moving average is $50.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. Fidelity National Financial’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.