17,714 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,714 shares of the financial services provider's stock, valued at approximately $1,153,000.

A number of other large investors have also recently added to or reduced their stakes in FNF. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth $29,000. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the first quarter valued at about $32,000. Parkside Financial Bank & Trust increased its stake 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 worth $35,000 after purchasing an additional 209 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $44,000. Finally, Colonial Trust Co SC lifted its position in shares of Fidelity National Financial by 130.1% during the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $0.77 during trading on Wednesday, hitting $55.25. 2,289,447 shares of the stock were exchanged, compared to its average volume of 1,213,412. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 13.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company's fifty day simple moving average is $57.83 and its 200-day simple moving average is $59.06.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm's quarterly revenue was down 17.3% on a year-over-year basis. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. Fidelity National Financial's payout ratio is currently 49.50%.

Wall Street Analyst Weigh In

Several research analysts have commented on FNF shares. Wall Street Zen downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average 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.