Ethic Inc. Sells 5,716 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Ethic Inc. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,287 shares of the financial services provider's stock after selling 5,716 shares during the period. Ethic Inc.'s holdings in Fidelity National Financial were worth $1,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at about $158,386,000. Invesco Ltd. boosted its holdings in Fidelity National Financial by 53.3% in the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock valued at $123,490,000 after purchasing an additional 764,958 shares during the period. Hsbc Holdings PLC grew its position in shares of Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Fidelity National Financial by 135.8% during the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity National Financial during the fourth quarter worth approximately $33,103,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $57.69 on Tuesday. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month 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 stock's 50-day simple moving average is $62.60 and its 200 day simple moving average is $60.37. The firm has a market capitalization of $15.84 billion, a PE ratio of 12.41 and a beta of 1.14.

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

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. 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 report on Tuesday, April 8th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Barclays upped their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.

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