Sei Investments Co. Has $13.93 Million Stake in Fidelity National Financial, Inc. $FNF

Sei Investments Co. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,267 shares of the financial services provider’s stock after selling 23,338 shares during the period. Sei Investments Co.’s holdings in Fidelity National Financial were worth $13,926,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. 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 during the last quarter. Acadian Asset Management LLC raised its position in shares of Fidelity National Financial by 141.9% during 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 last quarter. Invesco Ltd. raised its position in shares of Fidelity National Financial by 2.0% during the 2nd 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 during the last quarter. Brown Advisory Inc. acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $339,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Fidelity National Financial by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Down 2.5%

FNF opened at $52.09 on Friday. The firm’s fifty day moving average is $48.65 and its two-hundred day moving average is $49.97. The firm has a market cap of $14.02 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.80 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 company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released 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). The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.11 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.52 dividend. 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 payout ratio is presently 75.91%.

Insider Activity

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction dated Friday, June 26th. The stock was 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 directly owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Stephens decreased their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Barclays boosted their target price on Fidelity National Financial from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. 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 company’s stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $56.00.

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.