Hahn Capital Management LLC trimmed its stake in shares of Fidelity National Financial (NYSE:FNF) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600,744 shares of the financial services provider’s stock after selling 9,435 shares during the quarter. Fidelity National Financial comprises 2.2% of Hahn Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Hahn Capital Management LLC owned 0.22% of Fidelity National Financial worth $23,573,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of FNF. The Manufacturers Life Insurance Company lifted its position in Fidelity National Financial by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,029 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 760 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Fidelity National Financial during the 3rd quarter worth approximately $321,000. State of Wisconsin Investment Board lifted its position in Fidelity National Financial by 5.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 235,838 shares of the financial services provider’s stock worth $11,193,000 after acquiring an additional 11,997 shares during the period. Swiss National Bank lifted its position in Fidelity National Financial by 1.1% during the 3rd quarter. Swiss National Bank now owns 952,857 shares of the financial services provider’s stock worth $45,223,000 after acquiring an additional 10,700 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its position in Fidelity National Financial by 19.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 15,678 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 2,498 shares during the period. 82.96% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on FNF. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday. ValuEngine downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray reissued a “buy” rating and set a $44.00 target price on shares of Fidelity National Financial in a research note on Monday, December 18th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 target price on shares of Fidelity National Financial in a research note on Friday, December 22nd. Finally, Stephens reissued a “buy” rating and set a $46.00 target price on shares of Fidelity National Financial in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $44.00.
NYSE FNF opened at $38.52 on Friday. Fidelity National Financial has a 1-year low of $27.53 and a 1-year high of $42.52. The company has a market capitalization of $10,692.13, a P/E ratio of 15.71 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.17.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Fidelity National Financial had a return on equity of 11.71% and a net margin of 8.13%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.71 EPS. Fidelity National Financial’s quarterly revenue was down 8.9% on a year-over-year basis. equities research analysts expect that Fidelity National Financial will post 2.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 15th. Fidelity National Financial’s payout ratio is currently 52.86%.
In related news, EVP Peter T. Sadowski sold 29,274 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $38.92, for a total value of $1,139,344.08. Following the completion of the transaction, the executive vice president now directly owns 123,328 shares of the company’s stock, valued at approximately $4,799,925.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel D. Lane sold 18,810 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $41.38, for a total value of $778,357.80. Following the completion of the transaction, the director now directly owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
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Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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