Voya Investment Management LLC Reduces Position in Fidelity National Financial, Inc. (NYSE:FNF)

Voya Investment Management LLC reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,251 shares of the financial services provider's stock after selling 5,083 shares during the quarter. Voya Investment Management LLC's holdings in Fidelity National Financial were worth $2,204,000 at the end of the most recent reporting period.

A number of other large 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 worth $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Fidelity National Financial by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock valued at $4,053,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust lifted its position in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares during the period. Essex Financial Services Inc. boosted its holdings in shares of Fidelity National Financial by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after buying an additional 211 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of 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. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNF. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a report on Tuesday, April 8th. Finally, Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Performance

NYSE FNF traded down $2.02 on Friday, reaching $57.72. 597,139 shares of the stock were exchanged, compared to its average volume of 1,126,835. The firm has a market capitalization of $15.85 billion, a PE ratio of 12.41 and a beta of 1.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company's 50-day simple moving average is $62.82 and its two-hundred day simple moving average is $60.40. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results 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). 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 analysts' expectations of $3.32 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. Analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. Fidelity National Financial's dividend payout ratio (DPR) 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.