CX Institutional Has $1.28 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

CX Institutional trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Vanguard Group Inc. boosted its holdings in shares of Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock worth $1,518,829,000 after purchasing an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after purchasing an additional 387,729 shares during the period. Victory Capital Management Inc. raised its position in shares of Fidelity National Financial by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after purchasing an additional 98,751 shares during the period. Geode Capital Management LLC increased its position in Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after acquiring an additional 34,634 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in 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 worth $190,060,000 after acquiring an additional 16,095 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Down 0.9%

Shares of FNF stock traded down $0.49 on Monday, reaching $54.78. The company had a trading volume of 1,124,598 shares, compared to its average volume of 1,177,390. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $15.05 billion, a PE ratio of 11.78 and a beta of 1.02. The company has a 50-day moving average of $58.59 and a 200-day moving average of $59.36. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72.

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 9.28% and a return on equity of 15.36%. 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. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. Fidelity National Financial's payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FNF. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of 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 upped their price target on shares of 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. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average price target of $71.60.

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.