Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 116.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 674 shares of the financial services provider’s stock after purchasing an additional 362 shares during the period. MCF Advisors LLC’s holdings in Fidelity National Financial were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chesley Taft & Associates LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $551,000. Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity National Financial by 3.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock valued at $1,052,000 after buying an additional 625 shares in the last quarter. Atlas Capital Advisors LLC lifted its stake in Fidelity National Financial by 791.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,266 shares of the financial services provider’s stock valued at $67,000 after buying an additional 1,124 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Fidelity National Financial by 1.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,109,000 after buying an additional 715 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its stake in Fidelity National Financial by 1.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 38,829 shares of the financial services provider’s stock valued at $2,062,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.6 %

Shares of FNF stock traded up $0.28 on Friday, reaching $49.42. 2,632,589 shares of the stock were exchanged, compared to its average volume of 852,907. The stock has a market cap of $13.50 billion, a P/E ratio of 16.25 and a beta of 1.35. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $50.39 and a two-hundred day moving average of $50.31. Fidelity National Financial, Inc. has a 1-year low of $34.96 and a 1-year high of $53.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.89%. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Insider Activity at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Anthony Park sold 85,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research note on Monday, May 13th. Stephens increased their price target on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $55.80.

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.