Hsbc Holdings PLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 40.6% during the fourth quarter, HoldingsChannel reports. The fund owned 526,269 shares of the financial services provider’s stock after selling 360,433 shares during the period. Hsbc Holdings PLC’s holdings in Fidelity National Financial were worth $28,741,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Canton Hathaway LLC purchased a new position in Fidelity National Financial in the 4th quarter worth approximately $26,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth $28,000. Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter worth $32,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Fidelity National Financial during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Wall Street Analyst Weigh In
FNF has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Stephens cut their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.25.
Fidelity National Financial Stock Performance
Shares of NYSE FNF opened at $46.39 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a fifty day moving average price of $48.68 and a 200-day moving average price of $51.08. The stock has a market cap of $12.49 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.70 and a beta of 0.96. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Fidelity National Financial’s revenue was up 18.2% on a year-over-year basis. Equities analysts anticipate that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.
Fidelity National Financial Profile
Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.
FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.
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