Advisor Resource Council Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Advisor Resource Council acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,960 shares of the financial services provider's stock, valued at approximately $323,000.

A number of other hedge funds have also modified their holdings of the business. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at approximately $32,000. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth $29,000. Parkside Financial Bank & Trust lifted its position 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. Kapitalo Investimentos Ltda purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $44,000. Finally, Colonial Trust Co SC boosted its stake in shares of 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 acquiring an additional 450 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Down 1.4%

Fidelity National Financial stock traded down $0.77 during trading on Wednesday, hitting $55.25. The company's stock had a trading volume of 2,289,560 shares, compared to its average volume of 1,214,115. The stock's fifty day moving average is $57.70 and its 200 day moving average is $59.03. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The stock 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 (NYSE:FNF - Get Free Report) last posted 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 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued 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 49.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FNF. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note 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 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial 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.