Cornerstone Select Advisors LLC Invests $478,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Cornerstone Select Advisors LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,507 shares of the financial services provider's stock, valued at approximately $478,000.

A number of other large investors have also recently made changes to their positions in FNF. Capital Analysts LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its holdings in shares of 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 valued at $35,000 after acquiring an additional 209 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $37,000. Kapitalo Investimentos Ltda bought a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $44,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $52,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $0.42 during trading on Monday, hitting $57.46. 551,739 shares of the company were exchanged, compared to its average volume of 1,128,121. The company has a market cap of $15.78 billion, a PE ratio of 12.36 and a beta of 1.14. The stock has a 50 day moving average of $62.72 and a 200 day moving average of $60.38. Fidelity National Financial, Inc. has a 52-week low of $47.79 and a 52-week high of $66.72. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analyst Ratings Changes

FNF has been the topic of several research analyst reports. Stephens upped their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays upped their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.60.

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.