Convergence Investment Partners LLC Buys Shares of 15,452 Fidelity National Financial, Inc. (NYSE:FNF)

Convergence Investment Partners LLC purchased a new position in 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. The fund purchased 15,452 shares of the financial services provider's stock, valued at approximately $1,006,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pallas Capital Advisors LLC grew its position in Fidelity National Financial by 109.7% during the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after buying an additional 6,405 shares during the period. Oppenheimer & Co. Inc. lifted its position in Fidelity National Financial by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock valued at $1,509,000 after purchasing an additional 1,267 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity National Financial by 4.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock valued at $5,540,000 after purchasing an additional 3,510 shares during the last quarter. Private Trust Co. NA boosted its stake in Fidelity National Financial by 38.7% during the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after buying an additional 206 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Fidelity National Financial by 3.0% during the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock valued at $6,326,000 after purchasing an additional 2,807 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 1.2%

Shares of FNF stock traded up $0.65 during trading hours on Friday, reaching $57.08. 1,500,619 shares of the company's stock were exchanged, compared to its average volume of 2,747,881. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock has a market cap of $15.68 billion, a PE ratio of 14.13 and a beta of 1.02. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $55.09 and its two-hundred day moving average price is $58.73.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data 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). 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%. The company's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

Analysts Set New Price Targets

FNF has been the subject of several recent research reports. 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. Barclays decreased their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.20.

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.