Confluence Investment Management LLC Has $111.41 Million Holdings in Fidelity National Financial, Inc. $FNF

Confluence Investment Management LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,040,826 shares of the financial services provider’s stock after selling 98,272 shares during the quarter. Fidelity National Financial comprises approximately 1.7% of Confluence Investment Management LLC’s holdings, making the stock its 20th largest position. Confluence Investment Management LLC owned about 0.73% of Fidelity National Financial worth $111,409,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FNF. Quent Capital LLC acquired a new stake in Fidelity National Financial in the 3rd quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new position in Fidelity National Financial during the second quarter valued at approximately $29,000. Mather Group LLC. bought a new position in shares of Fidelity National Financial in the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp lifted its stake in shares of Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial in the second quarter worth $32,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. National Bank Financial set a $71.00 price objective on shares of Fidelity National Financial in a report on Monday, February 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Finally, Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Fidelity National Financial Price Performance

NYSE:FNF opened at $44.82 on Friday. The stock has a market cap of $12.15 billion, a P/E ratio of 21.09, a PEG ratio of 0.60 and a beta of 0.99. Fidelity National Financial, Inc. has a one year low of $44.58 and a one year high of $66.72. The company has a fifty day moving average price of $52.78 and a 200 day moving average price of $55.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the company earned $1.34 earnings per share. Fidelity National Financial’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.6%. Fidelity National Financial’s dividend payout ratio (DPR) is 97.65%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by company insiders.

About Fidelity National Financial

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.