Fidelity National Financial, Inc. $FNF Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 164,738 shares of the financial services provider’s stock after selling 24,495 shares during the period. Cambiar Investors LLC’s holdings in Fidelity National Financial were worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. increased its holdings in Fidelity National Financial by 13.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 65,504 shares of the financial services provider’s stock worth $3,672,000 after buying an additional 7,724 shares during the period. Strs Ohio increased its holdings in Fidelity National Financial by 49.8% in the 2nd quarter. Strs Ohio now owns 41,606 shares of the financial services provider’s stock worth $2,332,000 after buying an additional 13,825 shares during the period. Atria Investments Inc increased its holdings in Fidelity National Financial by 50.0% in the 2nd quarter. Atria Investments Inc now owns 38,558 shares of the financial services provider’s stock worth $2,162,000 after buying an additional 12,851 shares during the period. Retirement Systems of Alabama increased its holdings in Fidelity National Financial by 0.8% in the 2nd quarter. Retirement Systems of Alabama now owns 318,888 shares of the financial services provider’s stock worth $17,877,000 after buying an additional 2,489 shares during the period. Finally, Assetmark Inc. increased its holdings in Fidelity National Financial by 7.4% in the 2nd quarter. Assetmark Inc. now owns 100,491 shares of the financial services provider’s stock worth $5,633,000 after buying an additional 6,928 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FNF shares. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.83.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $55.18 on Friday. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 14.00 and a beta of 1.05. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm’s 50 day simple moving average is $58.31 and its 200-day simple moving average is $57.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

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.