Fidelity National Financial, Inc. (NYSE:FNF) Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 478,142 shares of the financial services provider’s stock after selling 9,385 shares during the quarter. Ameriprise Financial Inc.’s holdings in Fidelity National Financial were worth $26,843,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Invesco Ltd. raised its position in Fidelity National Financial by 53.3% in the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after acquiring an additional 764,958 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock valued at $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 135.8% during the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock worth $65,543,000 after buying an additional 672,323 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the fourth quarter worth approximately $33,103,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $57.29 on Wednesday. The company has a market capitalization of $15.73 billion, a P/E ratio of 12.32 and a beta of 1.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The stock has a 50 day moving average of $62.49 and a two-hundred day moving average of $60.35.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.49%. The ex-dividend date is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNF. Stephens upped their price objective 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 raised 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 report on Tuesday, April 8th. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial 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.