FNF Group of Fidelity National Financial, Inc. (FNF) Position Cut by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC reduced its stake in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,458 shares of the financial services provider’s stock after selling 4,034 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in FNF Group of Fidelity National Financial were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FNF. Northwestern Mutual Wealth Management Co. lifted its holdings in FNF Group of Fidelity National Financial by 3,739.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 3,328 shares in the last quarter. GSA Capital Partners LLP bought a new stake in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $207,000. Douglas Lane & Associates LLC bought a new stake in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $215,000. Oppenheimer & Co. Inc. bought a new stake in FNF Group of Fidelity National Financial in the 2nd quarter worth approximately $210,000. Finally, Invictus RG bought a new stake in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $223,000. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) traded up $0.12 during mid-day trading on Friday, hitting $37.92. The company’s stock had a trading volume of 2,210,538 shares, compared to its average volume of 1,325,613. FNF Group of Fidelity National Financial, Inc. has a twelve month low of $33.91 and a twelve month high of $160.45. The stock has a market cap of $10,345.86, a PE ratio of 15.93 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 3.01 and a debt-to-equity ratio of 0.17.

FNF Group of Fidelity National Financial (NYSE:FNF) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.91 billion. FNF Group of Fidelity National Financial had a return on equity of 11.72% and a net margin of 8.13%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. analysts forecast that FNF Group of Fidelity National Financial, Inc. will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, March 15th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is currently 55.46%.

FNF has been the topic of a number of research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Friday, October 20th. Zacks Investment Research downgraded FNF Group of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Barclays boosted their target price on FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 target price on shares of FNF Group of Fidelity National Financial in a research report on Sunday, October 29th. Finally, ValuEngine upgraded FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.14.

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About FNF Group of Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Institutional Ownership by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

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