CANADA LIFE ASSURANCE Co Sells 13,400 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CANADA LIFE ASSURANCE Co reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,722 shares of the financial services provider's stock after selling 13,400 shares during the period. CANADA LIFE ASSURANCE Co owned 0.15% of Fidelity National Financial worth $23,268,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FNF. Smartleaf Asset Management LLC lifted its holdings in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $621,000. GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock worth $419,000 after purchasing an additional 1,233 shares during the period. Barclays PLC lifted its position in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Fidelity National Financial by 17.1% during the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider's stock valued at $97,000 after purchasing an additional 252 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.48 during midday trading on Friday, reaching $62.73. The company had a trading volume of 255,361 shares, compared to its average volume of 1,112,918. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $62.28 and a 200 day simple moving average of $60.23. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 13.49 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. Fidelity National Financial's dividend payout ratio is 43.01%.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of research analyst reports. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays upped their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus target price of $71.60.

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.