Fidelity National Financial, Inc. (NYSE:FNF) Position Trimmed by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,208,073 shares of the financial services provider's stock after selling 73,966 shares during the quarter. Fidelity National Financial accounts for 2.1% of Confluence Investment Management LLC's portfolio, making the stock its 10th largest position. Confluence Investment Management LLC owned about 0.80% of Fidelity National Financial worth $143,701,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FNF. Smartleaf Asset Management LLC grew its stake in shares of Fidelity National Financial by 19.9% in the fourth 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. Barclays PLC lifted its holdings in Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after purchasing an additional 9,146 shares during the period. Empowered Funds LLC grew its position in Fidelity National Financial by 62.2% in the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock valued at $3,836,000 after buying an additional 26,211 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Fidelity National Financial by 5.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock valued at $1,052,000 after buying an additional 970 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in Fidelity National Financial by 20.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock valued at $233,000 after buying an additional 717 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of FNF traded up $0.33 during trading hours on Friday, hitting $54.74. 2,470,913 shares of the company were exchanged, compared to its average volume of 1,162,162. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $15.03 billion, a PE ratio of 11.77 and a beta of 1.14. The firm has a fifty day simple moving average of $60.33 and a 200-day simple moving average of $59.92. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 note on Monday, February 24th. Stephens upped their target price on 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 raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen cut 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 given a buy rating to the company's stock. According to MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus 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.