Tradewinds Capital Management LLC Invests $106,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Tradewinds Capital Management LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,000 shares of the financial services provider’s stock, valued at approximately $106,000.

Several other large investors have also recently modified their holdings of FNF. Nomura Asset Management Co. Ltd. lifted its position in Fidelity National Financial by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 196 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 10.6% in the 1st quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 207 shares in the last quarter. Global Retirement Partners LLC increased its stake in Fidelity National Financial by 7.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 212 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in shares of Fidelity National Financial by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock valued at $3,940,000 after acquiring an additional 255 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Fidelity National Financial by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock worth $819,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FNF. Barclays boosted 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. Stephens increased their price objective 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. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.40.

Fidelity National Financial Price Performance

Shares of FNF traded down $0.46 during midday trading on Wednesday, reaching $48.89. The stock had a trading volume of 363,986 shares, compared to its average volume of 1,354,883. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $13.36 billion, a P/E ratio of 16.24 and a beta of 1.35. The firm’s 50 day moving average price is $50.34 and its 200-day moving average price is $50.36. Fidelity National Financial, Inc. has a 52 week low of $34.96 and a 52 week high of $53.96.

Fidelity National Financial (NYSE:FNF) last posted its quarterly 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). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned $0.52 EPS. The company’s revenue was up 33.3% on a year-over-year basis. On average, analysts forecast that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.93%. Fidelity National Financial’s payout ratio is 63.16%.

Fidelity National Financial Company 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.