Foundations Investment Advisors LLC Reduces Position in Fidelity National Financial, Inc. (NYSE:FNF)

Foundations Investment Advisors LLC cut its position in Fidelity National Financial, Inc. (NYSE:FNF) by 19.3% during the first quarter, HoldingsChannel reports. The firm owned 5,947 shares of the financial services provider’s stock after selling 1,423 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fidelity National Financial were worth $387,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. grew its position in shares of Fidelity National Financial by 53.3% in the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock valued at $123,490,000 after buying an additional 764,958 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock valued at $80,689,000 after buying an additional 715,070 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock valued at $65,543,000 after buying an additional 672,323 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider’s stock valued at $40,783,000 after buying an additional 619,197 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at $33,103,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Tuesday, April 8th. Barclays dropped their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.20.

Fidelity National Financial Trading Up 0.4%

Shares of Fidelity National Financial stock opened at $56.63 on Friday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $15.55 billion, a P/E ratio of 14.02 and a beta of 1.02. The company’s fifty day moving average is $55.24 and its two-hundred day moving average is $58.78.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data 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). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.50%.

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.