Fidelity National Financial, Inc. $FNF Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 39.2% during the 1st quarter, Holdings Channel reports. The fund owned 32,227 shares of the financial services provider’s stock after selling 20,782 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fidelity National Financial were worth $1,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in Fidelity National Financial during the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.6%

NYSE FNF traded up $0.29 on Friday, reaching $49.45. The stock had a trading volume of 1,020,746 shares, compared to its average volume of 1,671,135. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 0.72 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The stock has a fifty day moving average price of $48.13 and a two-hundred day moving average price of $50.38.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.24 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend and a yield of 4.2%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analyst Ratings Changes

Several brokerages recently weighed in on FNF. Stephens lowered their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Barclays boosted their price objective on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, National Bank Financial set a $51.00 target price on shares of Fidelity National Financial in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Transactions at Fidelity National Financial

In related news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.70% of the company’s stock.

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.