Royal Bank of Canada Trims Position in Fidelity National Financial, Inc. (NYSE:FNF)

Royal Bank of Canada lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,001,880 shares of the financial services provider's stock after selling 176,955 shares during the quarter. Royal Bank of Canada owned about 0.73% of Fidelity National Financial worth $112,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in Fidelity National Financial in the fourth quarter worth about $108,000. ProShare Advisors LLC lifted its stake in shares of Fidelity National Financial by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 12,162 shares of the financial services provider's stock worth $683,000 after buying an additional 838 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Fidelity National Financial by 122.8% in the fourth quarter. Quantinno Capital Management LP now owns 31,950 shares of the financial services provider's stock worth $1,794,000 after buying an additional 17,613 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $1,936,000. Finally, NorthRock Partners LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $314,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FNF. 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 note on Tuesday, April 8th. Barclays upped their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Performance

Fidelity National Financial stock traded up $0.33 during midday trading on Friday, reaching $53.95. 1,231,586 shares of the company traded hands, compared to its average volume of 1,148,458. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 11.60 and a beta of 1.14. The business has a 50 day moving average of $61.35 and a two-hundred day moving average of $60.14. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.71%. 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.