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

Park Avenue Securities LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 39.3% during the 1st quarter, according to its most recent 13F filing with the SEC. 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Analysts LLC purchased a new position in Fidelity National Financial during the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its stake in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $37,000. Kapitalo Investimentos Ltda purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $44,000. Finally, Colonial Trust Co SC boosted its stake in shares of Fidelity National Financial by 130.1% in the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

FNF has been the topic of a number of analyst reports. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Stephens lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Trading Down 1.6%

Shares of NYSE:FNF traded down $0.91 during midday trading on Friday, reaching $55.26. The company's stock had a trading volume of 1,249,715 shares, compared to its average volume of 1,177,602. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 11.88 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $47.79 and a 1 year high of $66.72. The business has a 50 day moving average price of $58.66 and a 200 day moving average price of $59.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, June 16th. 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.