Johnson Financial Group Inc. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 77.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,444 shares of the financial services provider’s stock after selling 18,311 shares during the quarter. Johnson Financial Group Inc.’s holdings in Fidelity National Financial were worth $252,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth approximately $26,000. Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in Fidelity National Financial in the second quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its stake in 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 acquiring an additional 353 shares during the last quarter. Finally, Torren Management LLC acquired a new position in Fidelity National Financial during the 4th quarter worth approximately $57,000. 81.17% of the stock is owned by institutional investors and hedge funds.
Fidelity National Financial Price Performance
Shares of FNF opened at $50.22 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. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year high of $61.40. The stock has a market cap of $13.52 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. The firm has a fifty day moving average price of $48.27 and a 200 day moving average price of $50.11.
Fidelity National Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. National Bank Financial set a $51.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens lowered 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 note on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.00.
View Our Latest Report on Fidelity National Financial
Insider Buying and Selling
In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by company insiders.
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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