Point72 Asset Management L.P. Sells 115,645 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Point72 Asset Management L.P. cut its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 62.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,156 shares of the financial services provider's stock after selling 115,645 shares during the quarter. Point72 Asset Management L.P.'s holdings in Fidelity National Financial were worth $3,882,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FNF. Barclays PLC raised its position in shares of Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock valued at $13,451,000 after purchasing an additional 9,146 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Fidelity National Financial in the fourth quarter valued at about $406,000. Avanza Fonder AB bought a new position in shares of Fidelity National Financial in the fourth quarter valued at about $1,061,000. Merit Financial Group LLC bought a new position in shares of Fidelity National Financial in the fourth quarter valued at about $286,000. Finally, HB Wealth Management LLC grew its stake in shares of Fidelity National Financial by 37.0% in the fourth quarter. HB Wealth Management LLC now owns 18,791 shares of the financial services provider's stock valued at $1,055,000 after acquiring an additional 5,071 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

FNF has been the topic of several research reports. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Barclays upped their price target on shares of 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. Finally, Stephens upped their price target on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Down 0.4%

Shares of Fidelity National Financial stock opened at $57.99 on Tuesday. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 12.47 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. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The firm's 50-day moving average price is $62.13 and its two-hundred day moving average price is $60.28.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The firm 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 company's quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.