CWA Asset Management Group LLC Cuts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

CWA Asset Management Group LLC lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,284 shares of the financial services provider’s stock after selling 12,480 shares during the quarter. CWA Asset Management Group LLC owned approximately 0.06% of Fidelity National Financial worth $10,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FNF. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial during the first quarter worth about $32,000. Capital Analysts LLC purchased a new position in Fidelity National Financial in the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $37,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of 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 report on Tuesday, April 8th. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Price Performance

FNF stock opened at $53.92 on Wednesday. The business has a fifty day moving average of $58.45 and a two-hundred day moving average of $59.32. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 13.35 and a beta of 1.03. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Monday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

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.