Fidelity National Financial, Inc. $FNF Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,169,924 shares of the financial services provider’s stock after selling 88,475 shares during the period. Fidelity National Financial accounts for approximately 2.9% of Cooke & Bieler LP’s portfolio, making the stock its 3rd largest position. Cooke & Bieler LP’s holdings in Fidelity National Financial were worth $282,226,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FNF. Goldman Sachs Group Inc. boosted its stake in Fidelity National Financial by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after acquiring an additional 47,267 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 8,494 shares in the last quarter. Invesco Ltd. boosted its stake in Fidelity National Financial by 2.0% in the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after acquiring an additional 16,440 shares in the last quarter. Brown Advisory Inc. acquired a new position in Fidelity National Financial in the second quarter valued at $339,000. Finally, Daiwa Securities Group Inc. boosted its stake in Fidelity National Financial by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $48.65 on Monday. The company has a 50-day simple moving average of $48.21 and a 200-day simple moving average of $52.81. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.69 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company posted $0.78 earnings per share. Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 5.4 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analysts Set New Price Targets

Several equities analysts have issued reports on FNF shares. Barclays decreased their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Stephens decreased their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.25.

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.