Prana Capital Management LP Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Prana Capital Management LP decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,685 shares of the financial services provider's stock after selling 7,030 shares during the period. Prana Capital Management LP's holdings in Fidelity National Financial were worth $6,607,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust raised its position in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $37,000. Kapitalo Investimentos Ltda purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $44,000. Finally, Colonial Trust Co SC raised its position in Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 1.1%

Shares of NYSE FNF traded up $0.66 during midday trading on Friday, reaching $58.24. The company had a trading volume of 1,108,864 shares, compared to its average volume of 1,134,717. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. 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 firm's fifty day moving average price is $62.21 and its 200-day moving average price is $60.28. The stock has a market cap of $16.00 billion, a PE ratio of 12.53 and a beta of 1.14.

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 analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of research reports. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays boosted their target price 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. Stephens boosted their target price 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. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial currently has an average rating of "Moderate Buy" and a consensus price target 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.