Cannell & Spears LLC Sells 696 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cannell & Spears LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 265,757 shares of the financial services provider’s stock after selling 696 shares during the period. Cannell & Spears LLC’s holdings in Fidelity National Financial were worth $14,920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Fidelity National Financial during the 4th quarter valued at $37,000. True Wealth Design LLC bought a new position in Fidelity National Financial in the 3rd quarter valued at about $41,000. Golden State Wealth Management LLC bought a new stake in Fidelity National Financial during the fourth quarter worth $52,000. Finally, UMB Bank n.a. raised its holdings in shares of Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 472 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FNF shares. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Stephens lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average price target of $70.40.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE FNF opened at $64.77 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.10. The company has a market cap of $17.81 billion, a P/E ratio of 13.93 and a beta of 1.32. The business’s 50 day moving average price is $60.76 and its 200-day moving average price is $60.09.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the business posted $0.75 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

About Fidelity National Financial

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.