Edgestream Partners L.P. Has $3.83 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Edgestream Partners L.P. reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,909 shares of the financial services provider's stock after selling 10,451 shares during the quarter. Edgestream Partners L.P.'s holdings in Fidelity National Financial were worth $3,834,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FNF. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the first quarter worth approximately $32,000. Capital Analysts LLC bought a new position in shares of Fidelity National Financial during the fourth quarter worth approximately $29,000. Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial during the first quarter worth approximately $36,000. Olde Wealth Management LLC bought a new position in shares of Fidelity National Financial during the first quarter worth approximately $40,000. Finally, Private Trust Co. NA increased its holdings in shares of 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 purchasing an additional 206 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $0.56 during trading hours on Friday, hitting $55.07. 492,563 shares of the stock were exchanged, compared to its average volume of 1,570,748. 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 has a market cap of $15.12 billion, a PE ratio of 13.63 and a beta of 1.02. The company's fifty day simple moving average is $55.30 and its two-hundred day simple moving average is $58.75. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business's revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.63%. Fidelity National Financial's dividend payout ratio is 49.50%.

Analyst Ratings Changes

Several brokerages have recently commented on FNF. Barclays lowered their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. 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 on the stock 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 company. Based on data from MarketBeat.com, the stock has an average 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.