Cresset Asset Management LLC Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Cresset Asset Management LLC lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,002 shares of the financial services provider's stock after selling 7,403 shares during the quarter. Cresset Asset Management LLC's holdings in Fidelity National Financial were worth $730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at $3,955,000. Cetera Investment Advisers raised its position in Fidelity National Financial by 5.7% in the fourth quarter. Cetera Investment Advisers now owns 49,866 shares of the financial services provider's stock valued at $2,799,000 after purchasing an additional 2,688 shares during the period. Centiva Capital LP purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at $624,000. Brevan Howard Capital Management LP purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at $729,000. Finally, Bridgefront Capital LLC raised its holdings in shares of Fidelity National Financial by 27.1% in the 4th quarter. Bridgefront Capital LLC now owns 5,312 shares of the financial services provider's stock valued at $298,000 after buying an additional 1,133 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

FNF has been the topic of several research analyst reports. Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. 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 report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Down 0.8%

FNF opened at $57.29 on Wednesday. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 12.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day moving average price of $62.49 and a 200 day moving average price of $60.35.

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

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.49%. Fidelity National Financial's payout ratio is 49.50%.

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.

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