Fidelity National Financial, Inc. $FNF Stock Position Trimmed by ProShare Advisors LLC

ProShare Advisors LLC cut its position in Fidelity National Financial, Inc. (NYSE:FNF) by 53.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,221 shares of the financial services provider’s stock after selling 11,505 shares during the quarter. ProShare Advisors LLC’s holdings in Fidelity National Financial were worth $558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Fidelity National Financial by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,451 shares of the financial services provider’s stock worth $352,000 after buying an additional 391 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Fidelity National Financial by 3.8% during the 4th quarter. TD Private Client Wealth LLC now owns 15,100 shares of the financial services provider’s stock worth $824,000 after buying an additional 546 shares in the last quarter. Passumpsic Savings Bank bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $608,000. North Dakota State Investment Board bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $499,000. Finally, Barr E S & Co. bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $413,000. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday, May 11th. Stephens dropped their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Stock Down 0.9%

NYSE FNF opened at $47.65 on Friday. The company’s 50 day simple moving average is $48.26 and its 200 day simple moving average is $52.60. The company has a market capitalization of $12.83 billion, a P/E ratio of 17.42, a PEG ratio of 0.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.