Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Windacre Partnership LLC

Windacre Partnership LLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,728,700 shares of the financial services provider's stock after selling 295,600 shares during the quarter. Fidelity National Financial accounts for approximately 12.9% of Windacre Partnership LLC's investment portfolio, making the stock its 3rd largest position. Windacre Partnership LLC owned 5.75% of Fidelity National Financial worth $883,009,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Twinbeech Capital LP acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $5,020,000. Two Sigma Advisers LP increased its stake in shares of Fidelity National Financial by 5.7% in the fourth quarter. Two Sigma Advisers LP now owns 31,700 shares of the financial services provider's stock valued at $1,780,000 after buying an additional 1,700 shares during the period. Toronto Dominion Bank increased its stake in shares of Fidelity National Financial by 6.9% in the fourth quarter. Toronto Dominion Bank now owns 33,943 shares of the financial services provider's stock valued at $1,906,000 after buying an additional 2,198 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $63,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $108,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

FNF traded up $0.33 during midday trading on Friday, reaching $53.95. The company had a trading volume of 1,231,586 shares, compared to its average volume of 1,146,026. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $47.79 and a 1 year high of $66.72. The business has a 50-day moving average of $61.35 and a two-hundred day moving average of $60.13. The company has a market cap of $14.82 billion, a P/E ratio of 11.60 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during 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%. Fidelity National Financial's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 3.71%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on FNF shares. Barclays increased their price target on 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 lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods upgraded 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 note on Tuesday, April 8th. Finally, Wall Street Zen downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

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.