DAVENPORT & Co LLC Sells 52,417 Shares of Fidelity National Financial, Inc. $FNF

DAVENPORT & Co LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,354,146 shares of the financial services provider’s stock after selling 52,417 shares during the quarter. DAVENPORT & Co LLC owned about 0.50% of Fidelity National Financial worth $81,698,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Fidelity National Financial by 0.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider’s stock valued at $2,060,000 after buying an additional 197 shares during the last quarter. Islay Capital Management LLC lifted its position in Fidelity National Financial by 2.3% in the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 200 shares in the last quarter. PenderFund Capital Management Ltd. boosted its stake in Fidelity National Financial by 9.2% during the 1st quarter. PenderFund Capital Management Ltd. now owns 2,466 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 208 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Fidelity National Financial by 7.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,504 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 249 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Fidelity National Financial by 7.7% in the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 260 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $54.72 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $15.38 billion, a PE ratio of 13.20 and a beta of 1.01. The firm’s 50 day moving average price is $57.06 and its 200-day moving average price is $57.38. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The business had revenue of $3.17 billion during the quarter. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.52 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.12%.

Insider Buying and Selling

In related news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the transaction, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent analyst reports. Wall Street Zen raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. National Bankshares set a $72.00 price objective on shares of Fidelity National Financial in a research report on Thursday, December 18th. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.