Cornercap Investment Counsel Inc. Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Cornercap Investment Counsel Inc. decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 29,291 shares of the financial services provider’s stock after selling 1,001 shares during the quarter. Fidelity National Financial makes up about 0.5% of Cornercap Investment Counsel Inc.’s portfolio, making the stock its 28th largest holding. Cornercap Investment Counsel Inc.’s holdings in Fidelity National Financial were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in Fidelity National Financial during the third quarter valued at $35,000. Parkside Financial Bank & Trust raised its stake in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the 3rd quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its holdings in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock opened at $64.77 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.10. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $60.76 and a 200-day moving average price of $60.07. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 13.93 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its quarterly 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 analysts’ expectations 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 quarter last year, the business posted $0.75 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on FNF shares. Barclays lifted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price target on 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. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

About Fidelity National Financial

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.