CANADA LIFE ASSURANCE Co Sells 56,930 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CANADA LIFE ASSURANCE Co lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 12.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,638 shares of the financial services provider’s stock after selling 56,930 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.15% of Fidelity National Financial worth $21,606,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. KBC Group NV boosted its stake in Fidelity National Financial by 845.5% during the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after acquiring an additional 564,980 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Fidelity National Financial in the fourth quarter worth about $1,669,000. BNP Paribas Financial Markets raised its holdings in Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after buying an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Fidelity National Financial by 7.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after buying an additional 23,358 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Fidelity National Financial in the fourth quarter worth about $1,335,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.8 %

Shares of FNF stock opened at $53.59 on Friday. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $55.37. The stock has a market cap of $14.64 billion, a P/E ratio of 17.63 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $50.48 and a two-hundred day simple moving average of $50.57.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.58%. Fidelity National Financial’s payout ratio is currently 63.16%.

Insiders Place Their Bets

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday, July 2nd. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens boosted their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Barclays boosted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.40.

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.