Penbrook Management LLC Decreases Stake in Fidelity National Financial, Inc. $FNF

Penbrook Management LLC lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 54.9% in the 1st quarter, HoldingsChannel reports. The fund owned 9,168 shares of the financial services provider’s stock after selling 11,153 shares during the period. Penbrook Management LLC’s holdings in Fidelity National Financial were worth $425,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FNF. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares in the last quarter. State Street Corp grew its position in shares of Fidelity National Financial by 0.3% during the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Financial by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after buying an additional 193,629 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Fidelity National Financial by 34.5% in the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after purchasing an additional 1,743,342 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after buying an additional 54,756 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FNF shares. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a report on Monday, May 11th. Stephens dropped their price objective on 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. Finally, Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.50.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $46.12 on Friday. 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 company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.67 and a beta of 0.96. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The stock has a fifty day moving average of $48.65 and a two-hundred day moving average of $51.00.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. On average, analysts anticipate that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Fidelity National Financial’s payout ratio is 75.91%.

About Fidelity National Financial

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.