Sei Investments Co. Decreases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Sei Investments Co. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,167 shares of the financial services provider’s stock after selling 63,364 shares during the quarter. Sei Investments Co. owned 0.05% of Fidelity National Financial worth $8,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. American Century Companies Inc. increased its holdings in Fidelity National Financial by 38.2% during the 4th quarter. American Century Companies Inc. now owns 348,120 shares of the financial services provider’s stock worth $19,543,000 after purchasing an additional 96,143 shares during the period. Quantbot Technologies LP increased its stake in shares of Fidelity National Financial by 263.6% during the fourth quarter. Quantbot Technologies LP now owns 42,309 shares of the financial services provider’s stock worth $2,375,000 after buying an additional 30,674 shares during the period. Summit Global Investments acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $2,859,000. Magnetar Financial LLC purchased a new position in Fidelity National Financial in the fourth quarter worth approximately $4,241,000. Finally, Royal London Asset Management Ltd. grew its holdings in Fidelity National Financial by 11.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 143,120 shares of the financial services provider’s stock worth $8,035,000 after acquiring an additional 14,857 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF opened at $64.77 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $66.10. The stock has a market cap of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. The firm has a fifty day moving average price of $60.76 and a 200 day moving average price of $60.09.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the business earned $0.75 EPS. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.40.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Company 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.