Today The Fidelity National Financial, Inc. (FNF) is Silver Capital Management LLC’s 5th Largest Position

Today The Fidelity National Financial, Inc. (FNF) is Silver Capital Management LLC’s 5th Largest Position

Silver Capital Management LLC decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,202 shares of the company’s stock after selling 390 shares during the period. Fidelity National Financial comprises approximately 4.5% of Silver Capital Management LLC’s holdings, making the stock its 5th largest position. Silver Capital Management LLC’s holdings in Fidelity National Financial were worth $1,078,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Roystone Capital Management LP acquired a new position in shares of Fidelity National Financial during the second quarter valued at approximately $84,032,000. Wells Fargo & Company MN increased its position in shares of Fidelity National Financial by 18.5% in the third quarter. Wells Fargo & Company MN now owns 3,725,210 shares of the company’s stock valued at $137,499,000 after buying an additional 582,111 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 3.6% in the second quarter. Vanguard Group Inc. now owns 16,507,547 shares of the company’s stock valued at $619,032,000 after buying an additional 574,278 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Fidelity National Financial by 55.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,011,947 shares of the company’s stock valued at $37,948,000 after buying an additional 360,588 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Fidelity National Financial by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,030,362 shares of the company’s stock valued at $263,639,000 after buying an additional 319,337 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Fidelity National Financial, Inc. (NYSE:FNF) opened at 34.17 on Wednesday. The firm has a 50-day moving average price of $34.08 and a 200 day moving average price of $35.67. The firm has a market capitalization of $9.29 billion, a PE ratio of 16.92 and a beta of 0.86. Fidelity National Financial, Inc. has a one year low of $28.24 and a one year high of $38.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Fidelity National Financial had a net margin of 6.73% and a return on equity of 13.04%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts anticipate that Fidelity National Financial, Inc. will post $2.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.93%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 49.51%.

FNF has been the subject of several recent research reports. Zacks Investment Research upgraded Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Monness Crespi & Hardt reduced their price target on Fidelity National Financial from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $42.40.

In related news, Director Frank P. Willey sold 234,330 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $32.24, for a total transaction of $7,554,799.20. Following the completion of the sale, the director now directly owns 703,585 shares of the company’s stock, valued at $22,683,580.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank P. Willey sold 200,800 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $32.07, for a total value of $6,439,656.00. Following the sale, the director now directly owns 959,892 shares of the company’s stock, valued at $30,783,736.44. The disclosure for this sale can be found here. Insiders have sold 480,769 shares of company stock valued at $15,484,667 over the last ninety days. 5.00% of the stock is currently owned by company 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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