Fidelity National Financial, Inc. $FNF Holdings Lowered by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC trimmed its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 60.8% during the second quarter, Holdings Channel reports. The institutional investor owned 4,132 shares of the financial services provider’s stock after selling 6,403 shares during the period. Sterling Investment Counsel LLC’s holdings in Fidelity National Financial were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity National Financial by 31.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,633 shares of the financial services provider’s stock worth $1,832,000 after buying an additional 7,887 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Fidelity National Financial by 421.4% during the 4th quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider’s stock worth $1,977,000 after buying an additional 28,468 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Fidelity National Financial during the 1st quarter worth about $63,000. Merit Financial Group LLC grew its stake in shares of Fidelity National Financial by 162.7% in the 1st quarter. Merit Financial Group LLC now owns 13,378 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 8,286 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Fidelity National Financial by 82.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 5,984 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.65 on Friday. The firm’s 50 day moving average is $59.27 and its 200-day moving average is $58.73. The stock has a market capitalization of $16.21 billion, a P/E ratio of 15.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.