Cannell & Spears LLC Sells 696 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cannell & Spears LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,757 shares of the financial services provider’s stock after selling 696 shares during the quarter. Cannell & Spears LLC owned approximately 0.10% of Fidelity National Financial worth $14,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Fidelity National Financial during the fourth quarter worth $621,000. GAMMA Investing LLC raised its holdings in shares of Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after buying an additional 1,233 shares during the last quarter. Barclays PLC lifted its position in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after buying an additional 9,146 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Fidelity National Financial by 17.1% during the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNF has been the subject of a number of research analyst reports. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, 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 report on Monday, February 24th. Three 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Stock Performance

FNF stock opened at $64.77 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.10. The business’s fifty day moving average is $60.76 and its 200-day moving average is $60.09. The company has a market cap of $17.81 billion, a P/E ratio of 13.93 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the business earned $0.75 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

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.