Brown Miller Wealth Management LLC Invests $578,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Brown Miller Wealth Management LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,875 shares of the financial services provider's stock, valued at approximately $578,000.

Several other large investors have also made changes to their positions in the business. Pallas Capital Advisors LLC increased its stake in Fidelity National Financial by 109.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after buying an additional 6,405 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Fidelity National Financial by 81.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider's stock valued at $385,000 after purchasing an additional 2,615 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Fidelity National Financial by 5.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock worth $1,052,000 after purchasing an additional 970 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in Fidelity National Financial by 20.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock worth $233,000 after purchasing an additional 717 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.3%

Shares of Fidelity National Financial stock traded up $0.14 during mid-day trading on Thursday, hitting $54.07. The stock had a trading volume of 2,181,795 shares, compared to its average volume of 1,189,253. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The firm has a market cap of $14.85 billion, a P/E ratio of 13.38 and a beta of 1.02. The firm has a 50-day moving average of $58.30 and a two-hundred day moving average of $59.28. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNF. Barclays raised their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.