Fidelity National Financial, Inc. (NYSE:FNF) Holdings Cut by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,360 shares of the financial services provider's stock after selling 71,877 shares during the period. Edgestream Partners L.P.'s holdings in Fidelity National Financial were worth $3,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after purchasing an additional 387,729 shares during the period. Victory Capital Management Inc. increased its position in Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after acquiring an additional 98,751 shares during the period. Geode Capital Management LLC raised its stake in Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock valued at $276,343,000 after acquiring an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Fidelity National Financial by 0.9% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider's stock valued at $103,827,000 after acquiring an additional 15,664 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Fidelity National Financial by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider's stock worth $94,978,000 after acquiring an additional 57,316 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FNF shares. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens boosted their price target on shares of 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 reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Finally, 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 report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.40.

Fidelity National Financial Trading Down 0.5 %

NYSE:FNF traded down $0.34 during mid-day trading on Wednesday, reaching $61.70. The company's stock had a trading volume of 1,223,805 shares, compared to its average volume of 1,045,832. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The company's fifty day simple moving average is $58.66 and its two-hundred day simple moving average is $59.59. 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 stock has a market cap of $16.97 billion, a P/E ratio of 13.27 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $0.75 earnings per share. On average, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.