Principal Financial Group Inc. Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Principal Financial Group Inc. reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,367,718 shares of the financial services provider's stock after selling 200,212 shares during the period. Principal Financial Group Inc. owned approximately 1.59% of Fidelity National Financial worth $284,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial during the 1st quarter valued at about $32,000. Capital Analysts LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Private Trust Co. NA raised its stake in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after acquiring an additional 206 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $44,000. Finally, Colonial Trust Co SC increased its stake in Fidelity National Financial by 130.1% during the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

NYSE FNF traded up $0.68 during mid-day trading on Friday, reaching $57.99. 1,622,302 shares of the stock were exchanged, compared to its average volume of 1,228,689. The business's 50 day moving average is $57.05 and its 200-day moving average is $58.92. Fidelity National Financial, Inc. has a 1 year low of $47.93 and a 1 year high of $66.72. The company has a market capitalization of $15.93 billion, a P/E ratio of 14.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

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 analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the company posted $0.91 earnings per share. The business's quarterly revenue was down 17.3% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.45%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

Separately, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.