Grantham Mayo Van Otterloo & Co. LLC lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 89.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,016 shares of the financial services provider's stock after selling 201,977 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Fidelity National Financial were worth $1,292,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in 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 in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $52,000. UMB Bank n.a. raised its position in shares of 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 valued at $65,000 after acquiring an additional 472 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Fidelity National Financial by 867.7% during 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. Institutional investors own 81.17% of the company's stock.
Fidelity National Financial Stock Performance
NYSE:FNF traded down $0.25 during mid-day trading on Friday, hitting $59.92. The stock had a trading volume of 1,810,281 shares, compared to its average volume of 1,095,602. Fidelity National Financial, Inc. has a 52 week low of $46.85 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. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 12.89 and a beta of 1.09. The company has a 50 day simple moving average of $61.57 and a 200-day simple moving average of $60.17.
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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.33 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, research 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 firm also recently declared 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 3.34%. Fidelity National Financial's payout ratio is 43.01%.
Analyst Ratings Changes
Several research firms have weighed in on FNF. 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 for the company in a research note on Tuesday, April 8th. Barclays boosted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.
Read Our Latest Stock Analysis on Fidelity National Financial
Fidelity National Financial Company Profile
(
Free Report)
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.
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