Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by QRG Capital Management Inc.

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

Other large investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC lifted its stake in shares of Fidelity National Financial by 109.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after purchasing an additional 6,405 shares during the period. Smartleaf Asset Management LLC raised its position 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 worth $75,000 after acquiring an additional 223 shares during the period. Farther Finance Advisors LLC raised its position in Fidelity National Financial by 81.3% in the first quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider's stock worth $385,000 after acquiring an additional 2,615 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Fidelity National Financial by 5.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock worth $1,052,000 after acquiring an additional 970 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its position in shares of Fidelity National Financial by 20.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 717 shares during the period. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FNF. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Finally, 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 note 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Up 0.3%

Shares of NYSE:FNF traded up $0.14 during trading hours on Thursday, hitting $54.07. The company's stock had a trading volume of 2,181,795 shares, compared to its average volume of 1,189,253. The firm's fifty day moving average price is $58.30 and its 200 day moving average price is $59.28. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 13.38 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 (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate 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 revenue was down 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current 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 given a dividend of $0.50 per share. 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 3.70%. Fidelity National Financial's payout ratio is 49.50%.

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.