LSV Asset Management Lowers Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

LSV Asset Management trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,900 shares of the financial services provider's stock after selling 19,300 shares during the quarter. LSV Asset Management owned approximately 0.05% of Fidelity National Financial worth $7,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock worth $1,518,829,000 after purchasing an additional 150,493 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock worth $472,300,000 after buying an additional 387,729 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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 worth $454,351,000 after acquiring an additional 98,751 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock valued at $252,037,000 after acquiring an additional 34,634 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $158,386,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FNF shares. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upgraded 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. Barclays increased their price objective on 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. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Price Performance

FNF traded up $0.27 during trading on Friday, reaching $61.75. 5,166,755 shares of the stock were exchanged, compared to its average volume of 1,112,879. 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 company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 13.28 and a beta of 1.09. Fidelity National Financial, Inc. has a 1 year low of $47.53 and a 1 year high of $66.72. The business's 50 day moving average price is $61.96 and its two-hundred day moving average price is $60.20.

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

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's payout ratio is 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.