Kentucky Retirement Systems Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

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

A number of other hedge funds also recently modified their holdings of the business. Praxis Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 28.1% during the first quarter. Praxis Investment Management Inc. now owns 14,170 shares of the financial services provider's stock worth $922,000 after purchasing an additional 3,110 shares during the period. PFG Investments LLC acquired a new position in shares of Fidelity National Financial during the first quarter worth $2,942,000. Advisor Resource Council acquired a new position in shares of Fidelity National Financial during the first quarter worth $323,000. True Link Financial Advisors LLC acquired a new position in shares of Fidelity National Financial during the first quarter worth $215,000. Finally, Sterling Investment Counsel LLC lifted its holdings in shares of Fidelity National Financial by 155.0% during the first quarter. Sterling Investment Counsel LLC now owns 10,535 shares of the financial services provider's stock worth $686,000 after purchasing an additional 6,403 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

FNF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Trading Up 0.4%

FNF stock traded up $0.25 during mid-day trading on Friday, reaching $56.58. The company's stock had a trading volume of 2,957,810 shares, compared to its average volume of 1,220,337. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 14.00 and a beta of 1.02. The business's 50 day moving average price is $57.49 and its 200 day moving average price is $58.96. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $47.92 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its 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). The business 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 14.88% and a net margin of 8.43%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. Fidelity National Financial's dividend payout ratio is currently 49.50%.

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.