ProShare Advisors LLC Decreases Stock Position in Fidelity National Financial, Inc. $FNF

ProShare Advisors LLC cut its position in Fidelity National Financial, Inc. (NYSE:FNF) by 53.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,221 shares of the financial services provider’s stock after selling 11,505 shares during the quarter. ProShare Advisors LLC’s holdings in Fidelity National Financial were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Fidelity National Financial during the 3rd quarter worth $14,576,000. Assenagon Asset Management S.A. acquired a new position in Fidelity National Financial during the 4th quarter worth $3,585,000. Versor Investments LP grew its holdings in Fidelity National Financial by 257.8% during the 3rd quarter. Versor Investments LP now owns 26,963 shares of the financial services provider’s stock worth $1,631,000 after acquiring an additional 19,428 shares in the last quarter. Citigroup Inc. grew its holdings in Fidelity National Financial by 101.4% during the 3rd quarter. Citigroup Inc. now owns 492,496 shares of the financial services provider’s stock worth $29,791,000 after acquiring an additional 247,974 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Fidelity National Financial by 342,784.1% during the 4th quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock worth $7,976,000 after acquiring an additional 150,825 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on FNF shares. Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Stephens decreased their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Barclays reduced their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.25.

Fidelity National Financial Trading Down 0.9%

Shares of NYSE:FNF opened at $47.65 on Friday. The company has a market cap of $12.83 billion, a PE ratio of 17.42, a P/E/G ratio of 0.70 and a beta of 1.00. The company’s 50-day moving average price is $48.26 and its 200 day moving average price is $52.60. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.