Stone Ridge Asset Management LLC Sells 74,325 Shares of Fidelity National Financial Inc (FNF)

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Stone Ridge Asset Management LLC decreased its stake in Fidelity National Financial Inc (NYSE:FNF) by 50.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,102 shares of the financial services provider’s stock after selling 74,325 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Fidelity National Financial were worth $2,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Fidelity National Financial by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after purchasing an additional 338,979 shares during the period. Vanguard Group Inc raised its holdings in Fidelity National Financial by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 25,173,378 shares of the financial services provider’s stock worth $990,572,000 after purchasing an additional 338,979 shares during the period. BlackRock Inc. raised its holdings in Fidelity National Financial by 3.2% in the 4th quarter. BlackRock Inc. now owns 16,085,953 shares of the financial services provider’s stock worth $505,740,000 after purchasing an additional 498,242 shares during the period. Victory Capital Management Inc. raised its holdings in Fidelity National Financial by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,651,014 shares of the financial services provider’s stock worth $177,667,000 after purchasing an additional 471,809 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in Fidelity National Financial by 10.2% in the 3rd quarter. OppenheimerFunds Inc. now owns 4,630,468 shares of the financial services provider’s stock worth $182,209,000 after purchasing an additional 428,029 shares during the period. Hedge funds and other institutional investors own 82.06% of the company’s stock.

A number of research firms recently weighed in on FNF. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Barclays reaffirmed a “buy” rating and issued a $42.00 price target on shares of Fidelity National Financial in a report on Friday, February 15th. Finally, Compass Point began coverage on Fidelity National Financial in a report on Thursday, January 24th. They issued a “buy” rating and a $43.25 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.56.

Shares of Fidelity National Financial stock opened at $35.41 on Monday. Fidelity National Financial Inc has a 12 month low of $29.50 and a 12 month high of $42.52. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 13.11 and a beta of 0.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 13th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $0.60 EPS. Fidelity National Financial’s revenue was down 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Financial Inc will post 2.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.30. Fidelity National Financial’s dividend payout ratio is presently 44.44%.

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Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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