Alliancebernstein L.P. Decreases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Alliancebernstein L.P. reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,951 shares of the financial services provider's stock after selling 36,851 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Fidelity National Financial worth $22,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Parkside Financial Bank & Trust grew its holdings in shares of 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 last quarter. Kestra Investment Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $37,000. Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $52,000. UMB Bank n.a. increased its holdings in shares of Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 472 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of Fidelity National Financial by 867.7% in the third quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,154 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research report on Tuesday. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays raised their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Performance

NYSE FNF traded down $0.25 during mid-day trading on Friday, reaching $59.92. 1,810,281 shares of the stock were exchanged, compared to its average volume of 1,096,348. The company has a market capitalization of $16.48 billion, a P/E ratio of 12.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business's 50 day moving average is $61.57 and its 200-day moving average is $60.17. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $0.75 EPS. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's payout ratio is currently 43.01%.

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.