Cibc World Markets Corp Has $660,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Cibc World Markets Corp cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 22.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,756 shares of the financial services provider’s stock after selling 3,370 shares during the period. Cibc World Markets Corp’s holdings in Fidelity National Financial were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commerce Bank grew its position in Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 200 shares in the last quarter. Chesley Taft & Associates LLC grew its position in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after acquiring an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 209 shares in the last quarter. Finally, Essex Financial Services Inc. grew its position in Fidelity National Financial by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 211 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on FNF shares. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays upped their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

NYSE:FNF opened at $63.49 on Friday. The stock has a market cap of $17.46 billion, a P/E ratio of 13.65 and a beta of 1.32. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The company has a fifty day moving average price of $59.91 and a 200 day moving average price of $59.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the company earned $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.