Hanson McClain Inc. maintained its stake in Fidelity National Financial, Inc. (NYSE:FNF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,002 shares of the financial services provider’s stock at the end of the first quarter. Hanson McClain Inc.’s holdings in Fidelity National Financial were worth $156,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Israel Discount Bank of New York GFN acquired a new position in Fidelity National Financial during the fourth quarter worth approximately $107,000. Salem Investment Counselors Inc. purchased a new position in shares of Fidelity National Financial during the third quarter valued at about $125,000. FTB Advisors Inc. boosted its position in shares of Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock valued at $159,000 after buying an additional 2,727 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Fidelity National Financial during the first quarter valued at about $209,000. Finally, Profund Advisors LLC bought a new stake in shares of Fidelity National Financial during the first quarter valued at about $212,000. Institutional investors own 84.45% of the company’s stock.
Fidelity National Financial, Inc. (NYSE:FNF) traded up 0.42% during midday trading on Thursday, reaching $43.08. The company had a trading volume of 627,944 shares. The firm’s 50 day moving average is $41.78 and its 200 day moving average is $37.72. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $43.99. The stock has a market capitalization of $11.73 billion, a PE ratio of 18.47 and a beta of 0.93.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Fidelity National Financial had a net margin of 7.34% and a return on equity of 10.51%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post $2.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.00 annualized dividend and a yield of 2.32%. Fidelity National Financial’s dividend payout ratio is presently 42.92%.
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FNF has been the topic of several recent research reports. Monness Crespi & Hardt increased their target price on Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 10th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, May 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price objective on shares of Fidelity National Financial in a report on Wednesday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Fidelity National Financial presently has an average rating of “Buy” and an average target price of $44.40.
In other Fidelity National Financial news, EVP Peter T. Sadowski sold 17,288 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $38.75, for a total transaction of $669,910.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Anthony Park sold 138,941 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $41.28, for a total transaction of $5,735,484.48. Following the sale, the chief financial officer now owns 228,280 shares in the company, valued at $9,423,398.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,074 shares of company stock worth $10,963,053. 5.00% of the stock is currently owned by insiders.
About Fidelity National Financial
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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