Cannell & Co. reduced its holdings in Fidelity National Financial, Inc. (NYSE: FNF) by 9.0% in the third quarter, as stated in the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). After selling 35,028 shares during the quarter, the institutional investor now owns 353,552 shares of the company, which the financial services provider holds. This is after selling 35,028 shares during the quarter. Cannell & Co. reported to the Securities and Exchange Commission in their most recent document that they owned approximately 0.13% of Fidelity National Financial at $12,799,000. This information was derived from the company’s most recent quarterly report. (SEC).
Several other institutional investors have made changes to the portion of their portfolios that is allocated to FNF. These changes have been made in recent months. During the second quarter, GPS Wealth Strategies Group LLC successfully achieved a 71.3% increase in the amount of Fidelity National Financial stock it owned. Because of the purchase of an additional 285 shares during the period, GPS Wealth Strategies Group LLC now has 685 shares of the stock held by the financial services provider. These shares are valued at a total of $25,000 thanks to acquiring additional shares during the time in question. First Horizon Advisors Inc. increased the amount of Fidelity National Financial stock owned by 411.7 percent during the year’s second quarter. After making an additional purchase of 564 shares during the most recent quarter, First Horizon Advisors Inc. now possesses 701 shares of the stock held by the financial services provider, with a value of $25,000. Salem Investment Counselors, Inc. made a new holding investment in the amount of approximately $26,000 in Fidelity National Financial during the second quarter of 2018. In the third quarter of 2018, Trust Co. of Vermont put $41,000 into purchasing shares of Fidelity National Financial. These shares were purchased through an investment in the company’s stock. However, this is not the end of the story: during the second quarter, Lindbrook Capital LLC increased its stake in Fidelity National Financial by an astounding 14,600%. After purchasing an additional 1,168 shares during the most recent quarter, Lindbrook Capital LLC now has 1,176 shares, with a market cap of $43,000. These shares were acquired as a result of the most recent purchase. At present, institutional investors control 77.98% of the total number of shares in the company.
A great number of research companies have recently provided the most up-to-date thoughts that they have on FNF. In a research note made available to the public on Friday, January 6, Barclays increased its price target on shares of Fidelity National Financial from $50.00 to $53.00. Stephens decreased their price goal on shares of Fidelity National Financial from $52.00 to $49.00 in a research report published on Monday, September 26. Despite this modification, Stephens continued to assign an “overweight” rating to the stock. On Wednesday, October 12, StockNews.com published a research note on the company’s stock, which marked the beginning of the website’s coverage of the shares of Fidelity National Financial. They recommended that shareholders “hold” their shares of the company. Credit Suisse Group lowered its “outperform” rating and target price for Fidelity National Financial stock from $48.0 to $47,000 in a research report published on Tuesday, December 6. The price at which we are aiming has not changed.
Last but not least, in a research note published on Tuesday, November 29, Trust Financial announced that they were decreasing their price target on shares of Fidelity National Financial from $60.00 to $56.00 while maintaining their “buy” rating on the stock. The equities research specialists were asked to rate the stock; two gave it a hold rating, while the other four gave it a buy rating. According to the data provided by Bloomberg, the average rating for Fidelity National Financial is “Moderate Buy,” and the price target for the company is $53.40.
Daniel D. Lane, the director of the company, sold 5,531 shares of the company’s stock on Monday, December 5. The transaction was completed. The total value of the sold shares was $207,080.64, which works out to a price of $37.44 per share on average when dividing the total value by the number of shares sold. As a direct consequence of the transaction, the director now owns 271,325 company shares, a total value of approximately $10,158,408. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. Corporate insiders currently hold an equity stake in the company equivalent to 5.10 percent of the total equity.
The price of one share of NYSE FNF fell by $0.33 during the lunch hour on Tuesday, bringing the price of one share to $40.97. The company’s stock was traded 21,253 times, with an average volume of 1,102,204 shares. Fidelity National Financial, Inc. hit an all-time low of $34.51 in the past year, while the company reached an all-time high of $56.26 in the same period. The company’s share price has a current market value of $11.15 billion, a price-to-earnings ratio of 7.26, and a beta value of 1.27. There is a ratio of 0.46 debt to equity, 0.18 for the quick ratio, and 0.18 for the current ratio. Each of these ratios is also equal to 0.18. The company’s moving average price over the previous 50 days is $38.81, and its moving average price over the previous 200 days is also $38.76.
On November 8 this year, Fidelity National Financial (NYSE: FNF) released its most recent quarterly earnings report. Most market analysts forecasted that the financial services company would post earnings per share of $1.54 for the quarter. Still, the company only reported $1.07 for the period, a difference of $0.47. For Fidelity National Financial, the return on equity was 24.29%, while the net margin for the company was 11.60%. The revenue for the company’s most recent fiscal quarter came in at $3.21 billion, which is lower than the consensus estimate of $3.22 billion for that period. The same period the year before resulted in the company generating earnings per share of $2.12. The quarterly sales of the company experienced a decrease of 17.6% when compared to the same quarter in the previous year’s financial year. Fidelity National Financial, Inc. is expected to generate earnings of 5.58 cents per share in 2018, as stated by projections made available by industry professionals in research.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On December 16, dividend payments of $0.45 per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders who held shares as of that day. The day that the dividend was supposed to be paid out was last Thursday, December 15, but it was delayed. Compared to the previous quarterly dividend payment made by Fidelity National Financial, which was $0.44, this represents an increase in the dividend payment amount. This equates to an annual dividend payment of $1.80 and a dividend yield of 4.39% for the investment. The dividend payout ratio (DPR) for Fidelity National Financial has been established at 31.63%.