Principal Financial Group Inc. Has $284.25 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Principal Financial Group Inc. lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 1.59% of Fidelity National Financial worth $284,251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Fidelity National Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock valued at $1,518,829,000 after buying an additional 150,493 shares in the last quarter. Geode Capital Management LLC boosted its position in Fidelity National Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock valued at $252,037,000 after buying an additional 34,634 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock valued at $190,060,000 after buying an additional 16,095 shares in the last quarter. Norges Bank acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $158,386,000. Finally, Northern Trust Corp boosted its position in Fidelity National Financial by 19.9% in the fourth quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider's stock valued at $141,208,000 after buying an additional 418,234 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Down 0.7%

Shares of NYSE:FNF traded down $0.40 during mid-day trading on Monday, reaching $57.59. 3,314,134 shares of the company's stock were exchanged, compared to its average volume of 1,237,031. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 14.25 and a beta of 1.02. The business's fifty day moving average price is $56.94 and its 200-day moving average price is $58.95. 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, Inc. has a twelve month low of $47.93 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. Fidelity National Financial's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. On average, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.47%. Fidelity National Financial's payout ratio is 49.50%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded shares of 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.60.

About Fidelity National Financial

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.