Man Group plc Decreases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Man Group plc trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,995 shares of the financial services provider's stock after selling 328,331 shares during the period. Man Group plc's holdings in Fidelity National Financial were worth $7,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FNF. Chesley Taft & Associates LLC raised its stake in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock valued at $937,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Fidelity National Financial by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust increased 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 worth $35,000 after purchasing an additional 209 shares during the period. Essex Financial Services Inc. raised its position in shares of Fidelity National Financial by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after buying an additional 211 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.6%

Shares of FNF stock traded up $0.33 during mid-day trading on Friday, reaching $53.95. 1,231,586 shares of the stock traded hands, compared to its average volume of 1,148,458. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 11.60 and a beta of 1.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $60.14. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate 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 15.36% and a net margin of 9.28%. The firm's quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.71%. Fidelity National Financial's dividend payout ratio is 49.50%.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of recent analyst reports. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. 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 report on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of "Moderate Buy" and an average target price of $71.60.

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.