Point72 Asset Management L.P. Lowers Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Point72 Asset Management L.P. lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 62.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the last quarter. Barclays PLC raised its holdings in shares of Fidelity National Financial by 4.4% during 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. acquired a new position in shares of Fidelity National Financial during the fourth quarter valued at about $406,000. Donoghue Forlines LLC bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $1,469,000. Finally, Empowered Funds LLC increased its position in shares of Fidelity National Financial by 62.2% during the fourth quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after acquiring an additional 26,211 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

FNF has been the subject of a number of recent analyst reports. 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 for the company in a research report on Tuesday, April 8th. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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 increased their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.33 on Friday, hitting $53.95. 1,231,586 shares of the company traded hands, compared to its average volume of 1,148,458. The firm's 50-day simple moving average is $61.35 and its 200 day simple moving average is $60.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $14.82 billion, a P/E ratio of 11.60 and a beta of 1.14. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its 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). The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 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.