Stratos Wealth Partners LTD. Lowers Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Stratos Wealth Partners LTD. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 33.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,726 shares of the financial services provider’s stock after selling 2,421 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Fidelity National Financial were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of FNF. Norges Bank purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $158,386,000. Invesco Ltd. grew its holdings in Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after acquiring an additional 764,958 shares during the period. Hsbc Holdings PLC grew its holdings in Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock worth $80,689,000 after acquiring an additional 715,070 shares during the period. AQR Capital Management LLC grew its holdings in Fidelity National Financial by 135.8% during the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock worth $65,543,000 after acquiring an additional 672,323 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Fidelity National Financial by 8,302.5% during the first quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider’s stock worth $40,783,000 after acquiring an additional 619,197 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FNF shares. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Barclays lowered their target price on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.20.

Fidelity National Financial Stock Down 1.0%

Shares of Fidelity National Financial stock opened at $52.67 on Wednesday. The firm has a market cap of $14.47 billion, a P/E ratio of 13.04 and a beta of 1.02. The business has a 50-day moving average price of $55.63 and a 200 day moving average price of $58.80. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.80%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 49.50%.

Fidelity National Financial Company 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.