Public Employees Retirement System of Ohio Sells 7,101 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Public Employees Retirement System of Ohio reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,944 shares of the financial services provider's stock after selling 7,101 shares during the period. Public Employees Retirement System of Ohio's holdings in Fidelity National Financial were worth $5,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FNF. Louisiana State Employees Retirement System grew its position in Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock valued at $4,053,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 209 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 211 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in 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 valued at $75,000 after purchasing an additional 223 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in Fidelity National Financial by 9.3% in the fourth quarter. Richardson Financial Services Inc. now owns 2,815 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 240 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FNF has been the subject of a number of analyst reports. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. 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. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded down $0.30 during midday trading on Monday, hitting $54.47. 1,182,016 shares of the company's stock were exchanged, compared to its average volume of 1,162,250. 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 company's 50 day moving average price is $60.13 and its 200 day moving average price is $59.87. The firm has a market capitalization of $14.96 billion, a PE ratio of 11.71 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. As a group, analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's 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.