Bank of Nova Scotia Lowers Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Bank of Nova Scotia lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 61.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,871 shares of the financial services provider's stock after selling 7,707 shares during the period. Bank of Nova Scotia's holdings in Fidelity National Financial were worth $273,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FNF. Chesley Taft & Associates LLC raised its holdings in shares of Fidelity National Financial by 1.2% during the fourth 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 grew its stake 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 worth $4,053,000 after buying an additional 200 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after buying an additional 209 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Fidelity National Financial by 5.3% in 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 during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Fidelity National Financial by 19.9% during the fourth 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 last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Down 1.7 %

Shares of FNF stock traded down $1.03 during mid-day trading on Monday, reaching $60.78. The stock had a trading volume of 66,973 shares, compared to its average volume of 1,108,855. The firm has a market capitalization of $16.71 billion, a PE ratio of 13.07 and a beta of 1.09. The stock's 50-day moving average price is $61.96 and its two-hundred day moving average price is $60.19. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the company posted $0.75 EPS. Equities analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

FNF has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of 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. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens raised their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Barclays boosted 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 research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial 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.