Mackenzie Financial Corp Has $16.92 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mackenzie Financial Corp trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,942 shares of the financial services provider's stock after selling 10,473 shares during the quarter. Mackenzie Financial Corp owned approximately 0.09% of Fidelity National Financial worth $16,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FNF. Invesco Ltd. lifted its holdings in shares of Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock valued at $123,490,000 after buying an additional 764,958 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after purchasing an additional 619,197 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Fidelity National Financial in the 4th quarter worth approximately $33,103,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.20 during trading hours on Friday, reaching $56.63. 1,196,875 shares of the company's stock were exchanged, compared to its average volume of 2,595,118. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock has a market capitalization of $15.55 billion, a P/E ratio of 14.02 and a beta of 1.02. The business has a fifty day moving average price of $55.24 and a 200-day moving average price of $58.80. 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 issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. Analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Financial's payout ratio is 49.50%.

Fidelity National Financial Company 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.