Fidelity National Financial, Inc. $FNF Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 213.9% in the 1st quarter, Holdings Channel reports. The fund owned 16,209 shares of the financial services provider’s stock after buying an additional 11,046 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fidelity National Financial were worth $752,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in Fidelity National Financial by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 192 shares during the last quarter. Kera Capital Partners Inc. increased its stake in shares of Fidelity National Financial by 6.1% in the fourth quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 228 shares during the period. Fiduciary Trust Co increased its stake in shares of Fidelity National Financial by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 228 shares during the period. Brooklyn Investment Group raised its holdings in shares of Fidelity National Financial by 2.1% during the fourth quarter. Brooklyn Investment Group now owns 11,272 shares of the financial services provider’s stock valued at $621,000 after buying an additional 231 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in shares of Fidelity National Financial by 5.3% during the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 2.0%

Fidelity National Financial stock opened at $48.88 on Friday. The firm has a 50 day simple moving average of $48.47 and a 200-day simple moving average of $50.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $13.16 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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 return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

Insider Activity at Fidelity National Financial

In related news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased 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, June 25th. National Bank Financial set a $50.00 target price on Fidelity National Financial in a research note on Monday, May 11th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research 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. Finally, Barclays lowered their price target on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $55.50.

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.