Castlekeep Investment Advisors LLC Makes New $678,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Castlekeep Investment Advisors LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,070 shares of the financial services provider's stock, valued at approximately $678,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FNF. Smartleaf Asset Management LLC raised its position in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the last quarter. Barclays PLC raised its position in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Empowered Funds LLC raised its position in shares of Fidelity National Financial by 62.2% during the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after purchasing an additional 26,211 shares during the last quarter. Crescent Grove Advisors LLC raised its position in shares of Fidelity National Financial by 10.8% during the 4th quarter. Crescent Grove Advisors LLC now owns 304,018 shares of the financial services provider's stock worth $17,068,000 after purchasing an additional 29,513 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Fidelity National Financial by 5.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock worth $1,052,000 after acquiring an additional 970 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.2%

Shares of FNF stock traded up $0.12 on Friday, reaching $54.53. 402,232 shares of the stock were exchanged, compared to its average volume of 1,152,609. The stock has a market cap of $14.98 billion, a P/E ratio of 11.72 and a beta of 1.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $60.54 and a two-hundred day moving average of $59.97. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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 15.36% and a net margin of 9.28%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the company posted $0.91 earnings per share. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Wall Street Analyst Weigh In

Several analysts have commented on FNF shares. Barclays lifted their target price 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. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Stephens lifted 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. Finally, Wall Street Zen downgraded 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.60.

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.