Brave Warrior Advisors LLC Has $335.33 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Brave Warrior Advisors LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,973,131 shares of the financial services provider's stock after selling 37,221 shares during the quarter. Fidelity National Financial accounts for about 8.3% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 5th largest holding. Brave Warrior Advisors LLC owned approximately 2.18% of Fidelity National Financial worth $335,332,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the period. 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 raised its holdings in shares of Fidelity National Financial by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock valued at $419,000 after buying an additional 1,233 shares during the period. Barclays PLC lifted its position in 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 acquiring an additional 9,146 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Fidelity National Financial by 17.1% in the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider's stock worth $97,000 after acquiring an additional 252 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Down 3.2 %

FNF stock traded down $1.91 during mid-day trading on Friday, hitting $57.83. 1,906,186 shares of the company were exchanged, compared to its average volume of 1,130,412. The firm has a fifty day simple moving average of $62.72 and a 200 day simple moving average of $60.38. The company has a market capitalization of $15.88 billion, a PE ratio of 12.44 and a beta of 1.14. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

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 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. On average, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on FNF shares. Barclays boosted 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 research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of 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. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Fidelity National Financial has a consensus 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.