USS Investment Management Ltd Sells 19,046 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

USS Investment Management Ltd reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,407 shares of the financial services provider's stock after selling 19,046 shares during the period. USS Investment Management Ltd's holdings in Fidelity National Financial were worth $3,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth about $286,000. UMB Bank n.a. increased its position in Fidelity National Financial by 68.9% during the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after purchasing an additional 472 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Fidelity National Financial by 4.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,742 shares of the financial services provider's stock valued at $1,726,000 after acquiring an additional 1,199 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Fidelity National Financial by 1.5% in the fourth quarter. CX Institutional now owns 24,527 shares of the financial services provider's stock valued at $1,377,000 after purchasing an additional 352 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FNF. Stephens boosted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Barclays increased their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two equities research 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, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Performance

FNF traded up $0.16 on Thursday, hitting $53.83. The company had a trading volume of 377,748 shares, compared to its average volume of 1,149,556. The company's fifty day moving average price is $60.75 and its 200 day moving average price is $60.01. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year 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. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 11.56 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its 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). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Fidelity National Financial's revenue for the quarter was down 17.3% on a year-over-year basis. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued 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 yield of 3.72%. Fidelity National Financial's payout ratio is presently 49.50%.

Fidelity National Financial Company 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.