CX Institutional Sells 4,849 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CX Institutional lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,678 shares of the financial services provider's stock after selling 4,849 shares during the quarter. CX Institutional's holdings in Fidelity National Financial were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Trueblood Wealth Management LLC purchased a new stake in Fidelity National Financial during the 1st quarter worth about $237,000. SG Americas Securities LLC raised its holdings in shares of Fidelity National Financial by 208.4% during the 1st quarter. SG Americas Securities LLC now owns 63,018 shares of the financial services provider's stock valued at $4,101,000 after buying an additional 42,583 shares during the period. GAMMA Investing LLC grew its stake in shares of Fidelity National Financial by 29.1% during the first quarter. GAMMA Investing LLC now owns 9,629 shares of the financial services provider's stock valued at $627,000 after acquiring an additional 2,171 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth approximately $1,064,000. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Fidelity National Financial by 109.7% during the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after purchasing an additional 6,405 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Stephens upped their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. 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 target price of $71.60.

Fidelity National Financial Stock Down 1.6%

Shares of FNF stock traded down $0.91 on Friday, hitting $55.26. The stock had a trading volume of 1,249,715 shares, compared to its average volume of 1,175,888. The business has a 50 day moving average of $58.72 and a 200 day moving average of $59.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 11.88 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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 9.28% and a return on equity of 15.36%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the business posted $0.91 earnings per share. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.62%. Fidelity National Financial's payout ratio is 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.