MD Sass Investors Services Inc. Sells 1,343,174 Shares of Fidelity National Financial, Inc. (FNF)
MD Sass Investors Services Inc. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 95.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 56,800 shares of the financial services provider’s stock after selling 1,343,174 shares during the period. MD Sass Investors Services Inc.’s holdings in Fidelity National Financial were worth $2,546,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Trust Co. purchased a new position in shares of Fidelity National Financial during the second quarter valued at approximately $137,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity National Financial by 3,739.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 3,328 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Fidelity National Financial by 3.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 131 shares during the last quarter. King Luther Capital Management Corp purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $204,000. Finally, Atria Investments LLC purchased a new position in shares of Fidelity National Financial during the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/15/md-sass-investors-services-inc-sells-1343174-shares-of-fidelity-national-financial-inc-fnf.html.
FNF has been the subject of several recent research reports. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Barclays PLC lifted their target price on shares of Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $48.00 target price on shares of Fidelity National Financial in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and a consensus target price of $46.60.
In other news, EVP Peter T. Sadowski sold 133,215 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the transaction, the executive vice president now directly owns 89,575 shares in the company, valued at $4,257,499.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brent B. Bickett sold 58,896 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the transaction, the insider now owns 562,658 shares in the company, valued at $25,190,198.66. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
Fidelity National Financial, Inc. (FNF) traded up 1.14% during trading on Friday, hitting $47.82. 233,778 shares of the stock traded hands. The firm has a 50-day moving average price of $47.70 and a 200 day moving average price of $42.95. The firm has a market cap of $13.05 billion, a PE ratio of 20.85 and a beta of 0.96. Fidelity National Financial, Inc. has a 12 month low of $31.64 and a 12 month high of $49.37.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Financial, Inc. will post $2.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. Fidelity National Financial’s dividend payout ratio is presently 43.67%.
About Fidelity National Financial
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
Receive News & Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.