Fidelity National Financial, Inc. (NYSE:FNF) Stake Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 65.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,429 shares of the financial services provider's stock after selling 12,307 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Fidelity National Financial were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial during the 1st quarter valued at approximately $32,000. Capital Analysts LLC bought a new position in Fidelity National Financial in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $44,000. Finally, Colonial Trust Co SC grew its stake in shares of Fidelity National Financial by 130.1% in the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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 on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Trading Up 2.1%

Shares of NYSE:FNF traded up $1.20 during midday trading on Tuesday, reaching $57.26. The company had a trading volume of 1,727,429 shares, compared to its average volume of 1,225,089. The company has a fifty day simple moving average of $57.34 and a two-hundred day simple moving average of $58.92. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 14.17 and a beta of 1.02. Fidelity National Financial, Inc. has a 1-year low of $47.92 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the business earned $0.91 earnings per share. The business's revenue was down 17.3% on a year-over-year basis. Research analysts predict 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 declared 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 3.49%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

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.