Cary Street Partners Financial LLC Takes $2.84 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Cary Street Partners Financial LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 50,509 shares of the financial services provider's stock, valued at approximately $2,836,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its holdings in Fidelity National Financial by 50.6% in the 4th 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. Kestra Investment Management LLC purchased a new position in Fidelity National Financial in the 4th quarter valued at about $37,000. Kapitalo Investimentos Ltda acquired a new stake in Fidelity National Financial in the 4th quarter worth about $44,000. Finally, Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Down 0.8%

NYSE:FNF traded down $0.49 on Monday, hitting $57.38. The stock had a trading volume of 487,257 shares, compared to its average volume of 1,363,137. 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 stock has a market cap of $15.76 billion, a price-to-earnings ratio of 12.34 and a beta of 1.14. The company has a fifty day moving average price of $62.72 and a two-hundred day moving average price of $60.38. Fidelity National Financial, Inc. has a 1-year low of $47.78 and a 1-year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Ratings Changes

FNF has been the subject of several recent research reports. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus target price of $71.60.

About Fidelity National Financial

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.