QRG Capital Management Inc. Sells 54,238 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

QRG Capital Management Inc. cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 49.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 55,909 shares of the financial services provider's stock after selling 54,238 shares during the period. QRG Capital Management Inc.'s holdings in Fidelity National Financial were worth $3,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Fidelity National Financial by 63.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,912 shares of the financial services provider's stock worth $1,787,000 after purchasing an additional 12,414 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Fidelity National Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 94,400 shares of the financial services provider's stock worth $5,317,000 after purchasing an additional 6,623 shares during the period. Allworth Financial LP raised its stake in Fidelity National Financial by 27.4% during the fourth quarter. Allworth Financial LP now owns 5,681 shares of the financial services provider's stock worth $332,000 after acquiring an additional 1,221 shares during the period. CIBC Asset Management Inc raised its stake in Fidelity National Financial by 4.3% during the fourth quarter. CIBC Asset Management Inc now owns 16,713 shares of the financial services provider's stock worth $938,000 after acquiring an additional 691 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in Fidelity National Financial during the fourth quarter worth about $267,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stephens increased their price objective 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. Keefe, Bruyette & Woods raised 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. Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Price Performance

Shares of FNF traded up $0.38 during mid-day trading on Friday, hitting $54.50. The company's stock had a trading volume of 3,256,477 shares, compared to its average volume of 1,196,709. The firm has a 50-day moving average price of $58.08 and a 200 day moving average price of $59.14. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 13.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The business had revenue of $2.73 billion during 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%. The company's quarterly revenue was down 17.3% compared to the same quarter last year. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. Fidelity National Financial's dividend 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.