Fidelity National Financial, Inc. (NYSE:FNF) Position Trimmed by Zacks Investment Management

Zacks Investment Management reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 546,709 shares of the financial services provider's stock after selling 52,904 shares during the quarter. Zacks Investment Management owned about 0.20% of Fidelity National Financial worth $30,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the period. Kestra Investment Management LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $52,000. UMB Bank n.a. grew its holdings in shares of Fidelity National Financial by 68.9% during the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after buying an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FNF shares. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stephens lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $77.00 in a 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 target price on the stock in a research report on Tuesday, April 8th. Finally, Barclays lifted 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 note 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Trading Down 3.7 %

FNF traded down $2.26 during trading on Monday, hitting $59.55. The company's stock had a trading volume of 263,476 shares, compared to its average volume of 1,372,176. Fidelity National Financial, Inc. has a twelve month low of $47.78 and a twelve month high of $66.72. The firm's 50 day moving average price is $61.96 and its 200-day moving average price is $60.19. 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 $16.38 billion, a PE ratio of 12.81 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 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 business 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 EPS. On average, analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's payout ratio is currently 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.