Natixis Advisors LLC Reduces Position in Fidelity National Financial, Inc. $FNF

Natixis Advisors LLC cut its position in Fidelity National Financial, Inc. (NYSE:FNF) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,814 shares of the financial services provider’s stock after selling 15,045 shares during the period. Natixis Advisors LLC owned 0.12% of Fidelity National Financial worth $18,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FNF. Windacre Partnership LLC increased its position in shares of Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $181,017,000. Alliancebernstein L.P. increased its position in shares of Fidelity National Financial by 167.8% in the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after purchasing an additional 2,970,460 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Fidelity National Financial by 75.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $36,362,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FNF. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays dropped their price objective 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. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Trading Up 2.9%

Shares of Fidelity National Financial stock opened at $47.37 on Friday. The company has a fifty day simple moving average of $48.46 and a 200-day simple moving average of $52.15. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). The company had revenue of $3.23 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

About Fidelity National Financial

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.