AE Wealth Management LLC Trims Holdings in Fidelity National Financial, Inc. $FNF

AE Wealth Management LLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 33.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,670 shares of the financial services provider’s stock after selling 64,302 shares during the quarter. AE Wealth Management LLC’s holdings in Fidelity National Financial were worth $7,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new position in Fidelity National Financial in the first quarter worth about $178,433,000. Millennium Management LLC lifted its holdings in Fidelity National Financial by 93.3% during the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after buying an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Fidelity National Financial by 70.6% in the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after acquiring an additional 824,562 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after acquiring an additional 588,113 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Fidelity National Financial by 336.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 307,513 shares of the financial services provider’s stock valued at $20,013,000 after acquiring an additional 237,063 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FNF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.83.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $57.03 on Monday. The business has a fifty day simple moving average of $57.85 and a 200-day simple moving average of $57.49. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock has a market cap of $15.50 billion, a PE ratio of 14.47 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion for the quarter. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial’s payout ratio is currently 48.37%.

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.