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

Royal Bank of Canada reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chesley Taft & Associates LLC raised its position in shares of Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock valued at $937,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Fidelity National Financial by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust increased its holdings in 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 worth $35,000 after buying an additional 209 shares during the period. Essex Financial Services Inc. increased its holdings in 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 worth $236,000 after buying an additional 211 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after buying an additional 223 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $57.99 on Tuesday. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 12.47 and a beta of 1.14. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The firm's 50 day simple moving average is $62.13 and its 200-day simple moving average is $60.28. 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 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The firm 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 15.36% and a net margin of 9.28%. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. 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 disclosed 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. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. Fidelity National Financial's payout ratio is 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.

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