Wedge Capital Management L L P NC Decreases Stake in Fidelity National Financial, Inc. $FNF

Wedge Capital Management L L P NC cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 565,292 shares of the financial services provider’s stock after selling 50,067 shares during the quarter. Wedge Capital Management L L P NC owned about 0.20% of Fidelity National Financial worth $30,859,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FNF. Exchange Traded Concepts LLC boosted its stake in Fidelity National Financial by 29.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 64,958 shares of the financial services provider’s stock worth $3,546,000 after buying an additional 14,735 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter worth $207,000. Accurate Wealth Management LLC raised its holdings in shares of Fidelity National Financial by 14.4% during the 4th quarter. Accurate Wealth Management LLC now owns 6,304 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 794 shares during the period. Eastover Investment Advisors LLC boosted its position in shares of Fidelity National Financial by 0.7% during the 4th quarter. Eastover Investment Advisors LLC now owns 121,401 shares of the financial services provider’s stock valued at $6,627,000 after acquiring an additional 899 shares during the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.4%

Shares of NYSE FNF opened at $45.76 on Friday. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $51.81 and a 200-day simple moving average of $55.21. The stock has a market capitalization of $12.41 billion, a PE ratio of 21.53, a PEG ratio of 0.58 and a beta of 0.99.

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

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 97.65%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.