MCF Advisors LLC Purchases 362 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

MCF Advisors LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 116.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 674 shares of the financial services provider’s stock after acquiring an additional 362 shares during the period. MCF Advisors LLC’s holdings in Fidelity National Financial were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in Fidelity National Financial by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock valued at $311,916,000 after acquiring an additional 171,521 shares during the period. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after buying an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Fidelity National Financial during the 1st quarter valued at about $135,347,000. Legal & General Group Plc grew its holdings in shares of Fidelity National Financial by 6.4% during the third quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock worth $79,731,000 after purchasing an additional 116,393 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Fidelity National Financial by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock worth $80,150,000 after purchasing an additional 193,050 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

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

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

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given 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 payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

FNF has been the subject of several recent analyst reports. Stephens boosted their price objective on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Finally, Barclays boosted their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.80.

Insider Buying and Selling at Fidelity National Financial

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

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.