CANADA LIFE ASSURANCE Co Sells 13,400 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CANADA LIFE ASSURANCE Co reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414,722 shares of the financial services provider's stock after selling 13,400 shares during the period. CANADA LIFE ASSURANCE Co owned 0.15% of Fidelity National Financial worth $23,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position 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 worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $52,000. UMB Bank n.a. grew its position in Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after purchasing an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.43 during trading on Wednesday, reaching $61.99. The company had a trading volume of 965,085 shares, compared to its average volume of 1,115,472. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm's 50 day simple moving average is $62.09 and its two-hundred day simple moving average is $60.20. The company has a market capitalization of $17.05 billion, a PE ratio of 13.33 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results 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. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $0.75 earnings per share. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. Fidelity National Financial's payout ratio is 43.01%.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays increased 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 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 price objective for the company in a report on Tuesday, April 8th. Finally, 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 report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and an average price target 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.