Fidelity National Financial (FNF) Shares Sold by Boston Partners

Boston Partners reduced its position in Fidelity National Financial (NYSE:FNF) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,061 shares of the financial services provider’s stock after selling 13,915 shares during the period. Boston Partners’ holdings in Fidelity National Financial were worth $4,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd lifted its stake in shares of Fidelity National Financial by 13.7% in the 4th quarter. IFM Investors Pty Ltd now owns 10,130 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 1,224 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Fidelity National Financial by 6.6% in the 4th quarter. M&T Bank Corp now owns 24,029 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 1,498 shares in the last quarter. GWM Advisors LLC lifted its stake in shares of Fidelity National Financial by 7.3% in the 4th quarter. GWM Advisors LLC now owns 32,511 shares of the financial services provider’s stock valued at $1,332,000 after purchasing an additional 2,225 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Fidelity National Financial by 92.1% in the 4th quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Ellington Management Group LLC lifted its stake in shares of Fidelity National Financial by 49.1% in the 4th quarter. Ellington Management Group LLC now owns 7,900 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 2,600 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial stock opened at $38.15 on Friday. The company has a market cap of $10.50 billion, a P/E ratio of 16.81 and a beta of 0.84. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a one year low of $38.28 and a one year high of $38.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.70 billion. Fidelity National Financial had a return on equity of 13.04% and a net margin of 8.66%. During the same period in the previous year, the company posted $0.42 EPS. sell-side analysts expect that Fidelity National Financial will post 2.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 3.15%. Fidelity National Financial’s payout ratio is 52.86%.

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 29,274 shares of Fidelity National Financial stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $38.92, for a total transaction of $1,139,344.08. Following the sale, the executive vice president now directly owns 123,328 shares in the company, valued at approximately $4,799,925.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet Kerr sold 1,064 shares of Fidelity National Financial stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $38.12, for a total value of $40,559.68. Following the sale, the director now owns 20,672 shares in the company, valued at $788,016.64. The disclosure for this sale can be found here. Insiders have sold a total of 112,303 shares of company stock worth $4,427,622 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on FNF shares. Zacks Investment Research lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. ValuEngine raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Finally, Stephens reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Fidelity National Financial in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Fidelity National Financial currently has an average rating of “Hold” and an average price target of $43.83.

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

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