Assetmark Inc. Sells 6,130 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Assetmark Inc. lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,563 shares of the financial services provider's stock after selling 6,130 shares during the quarter. Assetmark Inc.'s holdings in Fidelity National Financial were worth $6,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter worth about $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $32,000. Synergy Investment Management LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $36,000. Olde Wealth Management LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $40,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Fidelity National Financial during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

NYSE:FNF traded up $0.04 during mid-day trading on Tuesday, reaching $57.06. The stock had a trading volume of 943,263 shares, compared to its average volume of 2,660,841. The firm has a 50 day moving average price of $55.07 and a two-hundred day moving average price of $58.79. The stock has a market capitalization of $15.67 billion, a P/E ratio of 14.12 and a beta of 1.02. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. Fidelity National Financial's payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FNF. Barclays cut their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $71.20.

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.