CHURCHILL MANAGEMENT Corp Sells 3,283 Shares of Fidelity National Financial, Inc. $FNF

CHURCHILL MANAGEMENT Corp decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% in the 2nd quarter, Holdings Channel reports. The firm owned 166,763 shares of the financial services provider’s stock after selling 3,283 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Fidelity National Financial were worth $9,349,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FNF. Cary Street Partners Investment Advisory LLC grew its position in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after buying an additional 208 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Rise Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE FNF opened at $60.33 on Thursday. The company has a fifty day simple moving average of $59.20 and a 200 day simple moving average of $58.77. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a market cap of $16.39 billion, a P/E ratio of 15.31 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s payout ratio is currently 50.76%.

Analysts Set New Price Targets

Separately, Barclays reduced their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

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.