Denali Advisors LLC Sells 3,721 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Denali Advisors LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 25.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,638 shares of the financial services provider’s stock after selling 3,721 shares during the period. Denali Advisors LLC’s holdings in Fidelity National Financial were worth $565,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC purchased a new stake in shares of Fidelity National Financial during the first quarter valued at approximately $106,000. State of Michigan Retirement System boosted its stake in Fidelity National Financial by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 67,200 shares of the financial services provider’s stock valued at $3,568,000 after purchasing an additional 1,500 shares during the last quarter. Applied Capital LLC FL increased its holdings in shares of Fidelity National Financial by 1.2% in the 1st quarter. Applied Capital LLC FL now owns 25,248 shares of the financial services provider’s stock worth $1,341,000 after purchasing an additional 289 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Fidelity National Financial by 1,254.3% in the first quarter. Iron Horse Wealth Management LLC now owns 3,765 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 3,487 shares during the last quarter. Finally, MCF Advisors LLC raised its stake in shares of Fidelity National Financial by 116.0% in the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 362 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays lifted their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Stephens lifted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 1.3 %

Shares of FNF stock opened at $48.72 on Thursday. The company has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $50.34. The stock has a market cap of $13.31 billion, a P/E ratio of 16.03 and a beta of 1.35. Fidelity National Financial, Inc. has a 12 month low of $34.96 and a 12 month high of $53.96. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.94%. Fidelity National Financial’s payout ratio is currently 63.16%.

Fidelity National Financial Profile

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.