Centiva Capital LP Acquires New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Centiva Capital LP purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,120 shares of the financial services provider's stock, valued at approximately $624,000.

Several other institutional investors also recently made changes to their positions in the stock. Chesley Taft & Associates LLC lifted its holdings in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock worth $937,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Fidelity National Financial by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the period. Essex Financial Services Inc. raised its holdings in Fidelity National Financial by 5.3% during the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock worth $236,000 after purchasing an additional 211 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after buying an additional 223 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 0.3%

Shares of Fidelity National Financial stock traded down $0.18 during midday trading on Monday, hitting $57.69. The company's stock had a trading volume of 1,748,837 shares, compared to its average volume of 1,132,755. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. 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 firm has a market capitalization of $15.84 billion, a P/E ratio of 12.41 and a beta of 1.14. The stock has a 50-day simple moving average of $62.60 and a 200-day simple moving average of $60.37.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company's revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is presently 49.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research report on Tuesday, April 8th. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial 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.