Park Avenue Securities LLC Lowers Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Park Avenue Securities LLC lessened its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 39.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,672 shares of the financial services provider's stock after selling 17,284 shares during the period. Park Avenue Securities LLC's holdings in Fidelity National Financial were worth $1,736,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $158,386,000. Invesco Ltd. raised its holdings in 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 worth $123,490,000 after purchasing an additional 764,958 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of 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 period. AQR Capital Management LLC boosted its stake in shares of 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 valued at $65,543,000 after purchasing an additional 672,323 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 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 valued at $40,783,000 after purchasing an additional 619,197 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research report on Tuesday, April 8th. Barclays raised their target price on 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. Finally, Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Down 0.2%

Shares of FNF stock traded down $0.11 on Thursday, reaching $55.53. 195,558 shares of the company were exchanged, compared to its average volume of 1,167,394. 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 50-day moving average of $58.75 and a 200-day moving average of $59.58. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 11.94 and a beta of 1.02. 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 announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate 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 revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial's 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.