Sumitomo Mitsui Trust Group Inc. Sells 57,162 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 617,284 shares of the financial services provider's stock after selling 57,162 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Fidelity National Financial worth $40,173,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FNF. Proficio Capital Partners LLC purchased a new position in Fidelity National Financial in the 4th quarter worth about $2,332,000. Parkside Financial Bank & Trust raised its position 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 last quarter. US Bancorp DE raised its position in Fidelity National Financial by 210.9% in the 4th quarter. US Bancorp DE now owns 64,406 shares of the financial services provider's stock worth $3,616,000 after buying an additional 43,688 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 last quarter. Finally, SRS Capital Advisors Inc. raised its position in Fidelity National Financial by 107.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,558 shares of the financial services provider's stock worth $200,000 after buying an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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 report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.68 during trading hours on Friday, reaching $57.99. 1,622,302 shares of the stock traded hands, compared to its average volume of 1,228,689. The company has a 50 day moving average price of $57.05 and a 200 day moving average price of $58.89. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 14.35 and a beta of 1.02. Fidelity National Financial, Inc. has a one year low of $47.93 and a one year high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

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 earnings per share (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 the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were paid 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 dividend yield of 3.45%. Fidelity National Financial's dividend payout ratio is currently 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.