Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 72.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,865 shares of the financial services provider's stock after selling 71,788 shares during the quarter. Two Sigma Investments LP's holdings in Fidelity National Financial were worth $1,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 223 shares during the period. Empowered Funds LLC boosted its holdings in Fidelity National Financial by 62.2% during the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock valued at $3,836,000 after acquiring an additional 26,211 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Fidelity National Financial by 5.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock valued at $1,052,000 after purchasing an additional 970 shares in the last quarter. Nicolet Advisory Services LLC raised its position in Fidelity National Financial by 20.1% in the 4th quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock valued at $233,000 after purchasing an additional 717 shares in the last quarter. Finally, Choreo LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $664,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.70 during midday trading on Friday, hitting $54.71. The company had a trading volume of 992,409 shares, compared to its average volume of 1,168,499. The company's 50 day simple moving average is $59.26 and its 200 day simple moving average is $59.70. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $66.72. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.14. 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 announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research report on Tuesday, April 8th. Finally, Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.60.

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.