Wellington Management Group LLP Cuts Stock Position in Fidelity National Financial, Inc. $FNF

Wellington Management Group LLP lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,558 shares of the financial services provider’s stock after selling 1,665 shares during the quarter. Wellington Management Group LLP’s holdings in Fidelity National Financial were worth $2,184,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Gilbert & Cook Inc. raised its stake in shares of Fidelity National Financial by 3.0% during the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 168 shares during the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 175 shares during the last quarter. Commerce Bank raised its stake in shares of Fidelity National Financial by 3.1% during the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 177 shares during the last quarter. Peddock Capital Advisors LLC raised its stake in shares of Fidelity National Financial by 3.2% during the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies raised its stake in shares of Fidelity National Financial by 4.8% during the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays dropped their price objective on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.20.

Fidelity National Financial Trading Up 0.5%

Shares of FNF stock opened at $59.94 on Friday. The business’s fifty day moving average price is $57.20 and its 200 day moving average price is $59.00. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The firm has a market capitalization of $16.29 billion, a PE ratio of 15.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $1.24 EPS. The company’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

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.