Bank of New York Mellon Corp Sells 55,401 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Bank of New York Mellon Corp trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,870,958 shares of the financial services provider's stock after selling 55,401 shares during the quarter. Bank of New York Mellon Corp owned about 1.04% of Fidelity National Financial worth $186,842,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $158,386,000. Invesco Ltd. lifted its holdings in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after buying an additional 764,958 shares in the last quarter. Hsbc Holdings PLC boosted its position in Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock valued at $80,689,000 after buying an additional 715,070 shares during the last quarter. AQR Capital Management LLC boosted its position in Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock valued at $65,543,000 after buying an additional 672,323 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock valued at $40,783,000 after buying an additional 619,197 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Trading Down 6.8%

NYSE FNF traded down $3.74 on Thursday, reaching $51.39. The company had a trading volume of 3,850,563 shares, compared to its average volume of 1,261,187. Fidelity National Financial, Inc. has a 52 week low of $48.00 and a 52 week high of $66.72. The stock's 50 day moving average is $56.59 and its 200-day moving average is $58.90. 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 stock has a market cap of $14.11 billion, a price-to-earnings ratio of 12.74 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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 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 the consensus estimate of $3.32 billion. During the same period last year, the company earned $0.91 earnings per share. The business's revenue was down 17.3% compared to the same quarter last year. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. Fidelity National Financial's dividend payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research reports. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target 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 on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial presently has a consensus 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.