KBC Group NV Has $25.39 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

KBC Group NV reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 390,150 shares of the financial services provider's stock after selling 19,172 shares during the period. KBC Group NV owned 0.14% of Fidelity National Financial worth $25,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Capital Advisors Wealth Management LLC lifted its stake in shares of Fidelity National Financial by 27.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 57,744 shares of the financial services provider's stock valued at $3,758,000 after buying an additional 12,326 shares during the period. Confluence Wealth Services Inc. raised its stake in shares of Fidelity National Financial by 3.6% in the first quarter. Confluence Wealth Services Inc. now owns 24,863 shares of the financial services provider's stock valued at $1,541,000 after purchasing an additional 872 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Fidelity National Financial by 10.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 214,714 shares of the financial services provider's stock worth $13,896,000 after purchasing an additional 20,694 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Fidelity National Financial by 19.5% during the first quarter. Illinois Municipal Retirement Fund now owns 190,407 shares of the financial services provider's stock worth $12,392,000 after buying an additional 31,091 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its holdings in Fidelity National Financial by 63.3% in the 1st quarter. Lecap Asset Management Ltd. now owns 39,402 shares of the financial services provider's stock valued at $2,564,000 after buying an additional 15,273 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of 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 report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Up 1.2%

FNF stock traded up $0.68 during midday trading on Friday, hitting $57.99. The company's stock had a trading volume of 1,622,302 shares, compared to its average volume of 1,230,615. The company's fifty day moving average price is $57.14 and its 200 day moving average price is $58.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a twelve month low of $47.92 and a twelve month high of $66.72. The stock has a market capitalization of $15.93 billion, a P/E ratio of 14.35 and a beta of 1.02.

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). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, equities research analysts predict 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. Fidelity National Financial's dividend payout ratio is currently 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.