Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 15.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,943 shares of the financial services provider’s stock after selling 1,247 shares during the quarter. Lido Advisors LLC’s holdings in Fidelity National Financial were worth $250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Fidelity National Financial by 11.8% during the 1st quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock worth $1,386,907,000 after purchasing an additional 4,189,896 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock worth $1,410,358,000 after purchasing an additional 1,250,233 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Fidelity National Financial by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 7,612,813 shares of the financial services provider’s stock worth $265,915,000 after purchasing an additional 179,398 shares during the last quarter. State Street Corp increased its position in shares of Fidelity National Financial by 1.4% during the 1st quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock worth $361,782,000 after purchasing an additional 104,624 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Fidelity National Financial by 5.0% during the 2nd quarter. Cooke & Bieler LP now owns 6,745,860 shares of the financial services provider’s stock worth $242,851,000 after purchasing an additional 321,577 shares during the last quarter. 77.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on FNF shares. Stephens reissued an “overweight” rating and set a $51.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, November 14th. Barclays initiated coverage on Fidelity National Financial in a research report on Wednesday, November 15th. They issued an “equal weight” rating and a $44.00 target price for the company. StockNews.com initiated coverage on Fidelity National Financial in a research report on Thursday, October 5th. They issued a “hold” rating for the company. BTIG Research lifted their target price on Fidelity National Financial from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, TheStreet raised Fidelity National Financial from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Insider Buying and Selling

In related news, CEO Michael Joseph Nolan sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $43.12, for a total transaction of $1,293,600.00. Following the completion of the sale, the chief executive officer now owns 354,786 shares in the company, valued at $15,298,372.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.40% of the stock is owned by company insiders.

Fidelity National Financial Stock Performance

Shares of FNF opened at $45.47 on Tuesday. The stock has a 50-day simple moving average of $41.02 and a 200-day simple moving average of $38.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $12.38 billion, a PE ratio of 18.87 and a beta of 1.29. Fidelity National Financial, Inc. has a 1 year low of $31.84 and a 1 year high of $45.74.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Financial had a return on equity of 15.99% and a net margin of 6.01%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. On average, analysts predict that Fidelity National Financial, Inc. will post 3.69 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.48 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.92 annualized dividend and a yield of 4.22%. Fidelity National Financial’s payout ratio is presently 79.67%.

Fidelity National Financial 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.