SWS Partners Sells 1,882 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

SWS Partners trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,405 shares of the financial services provider’s stock after selling 1,882 shares during the period. SWS Partners’ holdings in Fidelity National Financial were worth $2,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after acquiring an additional 387,729 shares during the period. Geode Capital Management LLC grew its position in Fidelity National Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after purchasing an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Fidelity National Financial by 0.9% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock worth $103,827,000 after purchasing an additional 15,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock valued at $94,978,000 after buying an additional 57,316 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Fidelity National Financial by 11.4% in the third quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after buying an additional 89,031 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Fidelity National Financial Price Performance

Shares of FNF stock opened at $64.74 on Tuesday. The stock’s fifty day simple moving average is $57.92 and its 200 day simple moving average is $59.37. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 13.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

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 (EPS) for the quarter, beating 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the business earned $0.75 earnings per share. On average, analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.