Capital Fund Management S.A. Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Fund Management S.A. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,514 shares of the financial services provider’s stock after selling 8,338 shares during the quarter. Capital Fund Management S.A.’s holdings in Fidelity National Financial were worth $1,994,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNF. Norges Bank purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $158,386,000. Invesco Ltd. boosted its holdings in Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after buying an additional 764,958 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity National Financial during the fourth quarter valued at $33,103,000. Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Financial during the fourth quarter valued at $32,670,000. Finally, National Pension Service increased its holdings in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after buying an additional 430,252 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays raised their target price 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. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens upped their target price 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 shares of 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 note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Stock Performance

NYSE FNF opened at $62.04 on Tuesday. 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, Inc. has a 1-year low of $46.85 and a 1-year high of $66.72. The company has a market cap of $17.06 billion, a PE ratio of 13.34 and a beta of 1.09. The stock’s 50 day simple moving average is $61.64 and its 200-day simple moving average is $60.18.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

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.