JPMorgan Chase & Co. Sells 115,552 Shares of Fidelity National Financial, Inc. $FNF

JPMorgan Chase & Co. trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,055,400 shares of the financial services provider’s stock after selling 115,552 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity National Financial were worth $63,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FNF. Exchange Traded Concepts LLC lifted its holdings in Fidelity National Financial by 76.5% during the third quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Fidelity National Financial in the third quarter valued at approximately $14,576,000. Federated Hermes Inc. raised its position in shares of Fidelity National Financial by 13.4% in the second quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after purchasing an additional 19,503 shares during the period. Cooke & Bieler LP lifted its stake in shares of Fidelity National Financial by 12.3% during the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after buying an additional 574,189 shares in the last quarter. Finally, CWM LLC boosted its holdings in Fidelity National Financial by 389.7% in the 3rd quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock worth $7,289,000 after buying an additional 95,895 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fidelity National Financial 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 transaction of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Barclays dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. National Bank Financial set a $71.00 target price on Fidelity National Financial in a report on Monday. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stephens began coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Fidelity National Financial Trading Up 1.8%

Shares of Fidelity National Financial stock opened at $51.95 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 44.61 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 1 year low of $50.56 and a 1 year high of $66.72. The firm has a market cap of $14.60 billion, a PE ratio of 24.44, a PEG ratio of 0.66 and a beta of 0.98. The company has a 50 day simple moving average of $54.81 and a two-hundred day simple moving average of $57.05.

Fidelity National Financial (NYSE:FNF) last announced 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). Fidelity National Financial had a return on equity of 15.73% and a net margin of 4.17%.The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the firm posted $1.34 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 4.0%. Fidelity National Financial’s dividend payout ratio is currently 97.65%.

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.