HighTower Advisors LLC Reduces Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

HighTower Advisors LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 827,605 shares of the financial services provider's stock after selling 14,788 shares during the quarter. HighTower Advisors LLC owned 0.30% of Fidelity National Financial worth $46,462,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB boosted its holdings in shares of Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock worth $2,630,000 after purchasing an additional 8,511 shares during the period. Smartleaf Asset Management LLC raised its position 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 last quarter. Everence Capital Management Inc. purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $621,000. Horizon Kinetics Asset Management LLC grew its position in shares of Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock worth $3,604,000 after buying an additional 15,100 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock valued at $419,000 after buying an additional 1,233 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on FNF shares. Barclays lifted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.40.

Fidelity National Financial Stock Up 1.2 %

NYSE FNF traded up $0.76 during trading hours on Monday, reaching $65.05. 1,379,852 shares of the company's stock traded hands, compared to its average volume of 1,131,925. The firm has a market cap of $17.89 billion, a PE ratio of 13.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65. The firm has a 50-day simple moving average of $59.07 and a 200 day simple moving average of $59.69.

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 EPS for the quarter, topping 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 firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.75 EPS. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. Fidelity National Financial's payout ratio is presently 43.01%.

Insider Transactions at Fidelity National Financial

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

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.