Bull Harbor Capital LLC Acquires Shares of 11,101 Fidelity National Financial, Inc. $FNF

Bull Harbor Capital LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,101 shares of the financial services provider’s stock, valued at approximately $515,000.

Several other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after acquiring an additional 47,267 shares during the last quarter. Acadian Asset Management LLC raised its stake in Fidelity National Financial by 141.9% in the 1st 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 during the period. Invesco Ltd. lifted its holdings in Fidelity National Financial by 2.0% during the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock valued at $45,979,000 after purchasing an additional 16,440 shares during the last quarter. Brown Advisory Inc. bought a new position in Fidelity National Financial during the second quarter worth about $339,000. Finally, Daiwa Securities Group Inc. boosted its position in Fidelity National Financial by 2.4% during the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 500 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on FNF. Barclays boosted their price target on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Stephens lowered their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $56.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the 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 sale, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Down 0.8%

FNF stock opened at $51.67 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $13.91 billion, a PE ratio of 18.88, a PEG ratio of 0.78 and a beta of 0.96. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40. The stock has a 50-day simple moving average of $48.71 and a two-hundred day simple moving average of $49.98.

Fidelity National Financial (NYSE:FNF) last announced its quarterly 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). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend 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.