Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,870,958 shares of the financial services provider's stock after selling 55,401 shares during the period. Bank of New York Mellon Corp owned 1.04% of Fidelity National Financial worth $186,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Fidelity National Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock valued at $1,518,829,000 after purchasing an additional 150,493 shares in the last quarter. Geode Capital Management LLC increased its stake in Fidelity National Financial by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after buying an additional 34,634 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock valued at $190,060,000 after acquiring an additional 16,095 shares in the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth $158,386,000. Finally, Northern Trust Corp grew its holdings in Fidelity National Financial by 19.9% during the 4th quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider's stock worth $141,208,000 after acquiring an additional 418,234 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.06 during mid-day trading on Wednesday, reaching $55.11. 2,176,034 shares of the stock traded hands, compared to its average volume of 1,250,328. Fidelity National Financial, Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $56.76 and a 200 day moving average of $58.93. The stock has a market capitalization of $15.14 billion, a PE ratio of 13.64 and a beta of 1.02.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the company earned $0.91 earnings per share. Fidelity National Financial's revenue for the quarter was down 17.3% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.63%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FNF. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Barclays cut their target price 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Company 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.