Yousif Capital Management LLC Sells 595 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Posted by Defense World Staff on Aug 9th, 2023

Yousif Capital Management LLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,461 shares of the financial services provider’s stock after selling 595 shares during the period. Yousif Capital Management LLC’s holdings in Fidelity National Financial were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its stake in Fidelity National Financial by 2.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,696 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 400 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in Fidelity National Financial during the 1st quarter valued at about $238,000. Arete Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $210,711,000,000. abrdn plc boosted its stake in shares of Fidelity National Financial by 85.9% in the 1st quarter. abrdn plc now owns 46,917 shares of the financial services provider’s stock worth $1,639,000 after buying an additional 21,675 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $158,000. Institutional investors and hedge funds own 78.27% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $39.65 on Wednesday. The business’s 50 day simple moving average is $36.56 and its 200 day simple moving average is $36.96. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.56. Fidelity National Financial, Inc. has a 12 month low of $31.84 and a 12 month high of $45.51. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 16.18 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Fidelity National Financial had a net margin of 6.26% and a return on equity of 19.91%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm earned $1.90 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 3.7 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.54%. Fidelity National Financial’s payout ratio is 73.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Fidelity National Financial in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays cut their target price on Fidelity National Financial from $46.00 to $43.00 in a research note on Friday, May 5th. Truist Financial cut their target price on Fidelity National Financial from $56.00 to $48.00 in a research note on Friday, May 5th. Finally, TheStreet downgraded Fidelity National Financial from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.40.

Check Out Our Latest Stock Report on Fidelity National Financial

Fidelity National Financial Company Profile

(Free Report)

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.