Avior Wealth Management LLC Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Avior Wealth Management LLC cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 94.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,268 shares of the financial services provider's stock after selling 19,907 shares during the period. Avior Wealth Management LLC's holdings in Fidelity National Financial were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. True Link Financial Advisors LLC acquired a new stake in Fidelity National Financial in the 1st quarter worth about $215,000. Sterling Investment Counsel LLC boosted its position in shares of Fidelity National Financial by 155.0% in the first quarter. Sterling Investment Counsel LLC now owns 10,535 shares of the financial services provider's stock worth $686,000 after acquiring an additional 6,403 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in Fidelity National Financial by 10.5% in the first quarter. Centennial Wealth Advisory LLC now owns 6,567 shares of the financial services provider's stock valued at $427,000 after purchasing an additional 623 shares during the period. State of Alaska Department of Revenue increased its position in Fidelity National Financial by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 210,480 shares of the financial services provider's stock worth $13,697,000 after purchasing an additional 825 shares during the last quarter. Finally, LifeWealth Investments LLC purchased a new position in Fidelity National Financial during the first quarter worth approximately $290,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.4%

Fidelity National Financial stock traded up $0.25 during trading on Friday, reaching $56.58. 2,957,800 shares of the company's stock were exchanged, compared to its average volume of 1,224,991. Fidelity National Financial, Inc. has a 52-week low of $47.92 and a 52-week high of $66.72. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 14.00 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. The company's 50-day moving average is $57.60 and its two-hundred day moving average is $59.00.

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 the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. Fidelity National Financial's quarterly revenue 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, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FNF. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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 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.