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

Bank of New York Mellon Corp decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 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 approximately 1.04% of Fidelity National Financial worth $186,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC boosted its position in shares of Fidelity National Financial by 109.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after purchasing an additional 6,405 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Fidelity National Financial by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 1,267 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Fidelity National Financial by 19.9% during the 4th 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity National Financial by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after purchasing an additional 3,510 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after purchasing an additional 2,807 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 for the company in a research report on Tuesday, April 8th. Barclays decreased 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Trading Up 3.1%

Shares of FNF traded up $1.60 during midday trading on Friday, hitting $52.82. The stock had a trading volume of 6,020,493 shares, compared to its average volume of 1,291,338. Fidelity National Financial, Inc. has a fifty-two week low of $50.15 and a fifty-two week high of $66.72. The business has a 50-day simple moving average of $56.34 and a two-hundred day simple moving average of $58.87. The firm has a market cap of $14.51 billion, a P/E ratio of 13.07 and a beta of 1.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

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). The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's payout ratio is presently 49.50%.

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.