Nuveen Asset Management LLC Sells 200,436 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Nuveen Asset Management LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739,726 shares of the financial services provider’s stock after selling 200,436 shares during the period. Nuveen Asset Management LLC’s holdings in Fidelity National Financial were worth $153,808,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $158,386,000. Invesco Ltd. grew its holdings in Fidelity National Financial by 53.3% in the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock valued at $123,490,000 after buying an additional 764,958 shares in the last quarter. Hsbc Holdings PLC increased its position 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 worth $80,689,000 after acquiring an additional 715,070 shares during the period. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the 4th quarter valued at $33,103,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $57.54 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $15.80 billion, a P/E ratio of 12.37 and a beta of 1.14. The company has a fifty day moving average of $62.28 and a 200-day moving average of $60.30. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72.

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

Fidelity National Financial Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is currently 49.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on FNF shares. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Finally, Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.60.

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.