Hsbc Holdings PLC Sells 278,551 Shares of Fidelity National Financial, Inc. $FNF

Hsbc Holdings PLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 19.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158,909 shares of the financial services provider’s stock after selling 278,551 shares during the quarter. Hsbc Holdings PLC owned about 0.42% of Fidelity National Financial worth $75,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the first quarter valued at approximately $32,000. Synergy Investment Management LLC acquired a new stake in Fidelity National Financial in the first quarter valued at approximately $36,000. Finally, Olde Wealth Management LLC purchased a new position in Fidelity National Financial in the first quarter worth $40,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays lowered their price objective on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.2850 on Thursday. The stock has a 50-day moving average of $56.43 and a two-hundred day moving average of $58.87. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $16.11 billion, a P/E ratio of 15.05 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

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.