Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 57.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 794,663 shares of the financial services provider's stock after selling 1,054,766 shares during the period. AustralianSuper Pty Ltd owned approximately 0.29% of Fidelity National Financial worth $51,717,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $0.32 on Monday, reaching $54.71. The company's stock had a trading volume of 740,796 shares, compared to its average volume of 1,335,932. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a market cap of $15.03 billion, a P/E ratio of 13.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The company has a 50-day simple moving average of $55.25 and a 200 day simple moving average of $58.78.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its 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). The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 49.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNF. Barclays lowered their price objective on shares of 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 shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial presently 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.