Bessemer Group Inc. Sells 35,062 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Bessemer Group Inc. trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 66.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,401 shares of the financial services provider's stock after selling 35,062 shares during the quarter. Bessemer Group Inc.'s holdings in Fidelity National Financial were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Lecap Asset Management Ltd. boosted its holdings in Fidelity National Financial by 63.3% during the first quarter. Lecap Asset Management Ltd. now owns 39,402 shares of the financial services provider's stock valued at $2,564,000 after acquiring an additional 15,273 shares during the period. Asset Management One Co. Ltd. lifted 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 worth $6,326,000 after purchasing an additional 2,807 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Fidelity National Financial by 17.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 57,780 shares of the financial services provider's stock valued at $3,760,000 after purchasing an additional 8,515 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Fidelity National Financial by 5.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after buying an additional 1,267 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in Fidelity National Financial in the 1st quarter valued at approximately $222,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock traded down $0.34 during mid-day trading on Monday, reaching $56.19. The stock had a trading volume of 1,806,043 shares, compared to its average volume of 1,222,680. Fidelity National Financial, Inc. has a one year low of $47.92 and a one year high of $66.72. The firm has a market cap of $15.43 billion, a PE ratio of 13.91 and a beta of 1.03. The firm's 50 day simple moving average is $57.49 and its 200 day simple moving average is $58.96. The company has a quick ratio of 0.25, a current 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 for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. Fidelity National Financial's dividend payout ratio (DPR) is currently 49.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.60.

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.