Alberta Investment Management Corp decreased its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,900 shares of the financial services provider’s stock after selling 91,300 shares during the period. Alberta Investment Management Corp’s holdings in Fidelity National Financial were worth $2,933,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of FNF. Smith Asset Management Group LP purchased a new position in shares of Fidelity National Financial in the fourth quarter worth $25,000. BBVA USA Bancshares Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth $29,000. IFP Advisors Inc increased its stake in shares of Fidelity National Financial by 104.2% in the fourth quarter. IFP Advisors Inc now owns 680 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 347 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth $33,000. Finally, Liberty Wealth Management LLC increased its stake in shares of Fidelity National Financial by 3,228.0% in the fourth quarter. Liberty Wealth Management LLC now owns 832 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 807 shares during the period. 81.83% of the stock is owned by institutional investors and hedge funds.
NYSE FNF opened at $27.45 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. Fidelity National Financial Inc has a 52 week low of $19.00 and a 52 week high of $49.28. The stock has a market capitalization of $7.46 billion, a PE ratio of 9.60 and a beta of 1.24. The firm has a 50 day moving average of $26.15 and a two-hundred day moving average of $39.15.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, June 15th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 38.94%.
Several analysts recently commented on FNF shares. TheStreet lowered shares of Fidelity National Financial from a “b-” rating to a “c” rating in a research report on Tuesday, March 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating in a research note on Sunday, April 19th. SunTrust Banks boosted their price target on shares of Fidelity National Financial from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Investment Research cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Thursday, May 7th. Finally, Compass Point cut shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a report on Monday, April 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.40.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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