Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,125,760 shares of the financial services provider's stock after selling 18,240 shares during the quarter. Fidelity National Financial accounts for approximately 0.8% of DAVENPORT & Co LLC's portfolio, making the stock its 28th largest holding. DAVENPORT & Co LLC owned 0.77% of Fidelity National Financial worth $138,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Proficio Capital Partners LLC acquired a new stake in Fidelity National Financial during the 4th quarter valued at $2,332,000. Parkside Financial Bank & Trust lifted its position in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. US Bancorp DE boosted its stake in shares of Fidelity National Financial by 210.9% during the fourth quarter. US Bancorp DE now owns 64,406 shares of the financial services provider's stock valued at $3,616,000 after acquiring an additional 43,688 shares during the last quarter. Smartleaf Asset Management LLC increased its position in 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 worth $75,000 after purchasing an additional 223 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in Fidelity National Financial by 107.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,558 shares of the financial services provider's stock valued at $200,000 after purchasing an additional 1,839 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Up 1.2%

FNF stock traded up $0.68 during trading on Friday, reaching $57.99. 1,622,302 shares of the stock traded hands, compared to its average volume of 1,230,615. The firm has a market capitalization of $15.93 billion, a PE ratio of 14.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The business's 50 day moving average price is $57.05 and its 200-day moving average price is $58.89. Fidelity National Financial, Inc. has a 52-week low of $47.92 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its 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 firm had revenue of $2.73 billion for 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%. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial 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.