Hennion & Walsh Asset Management Inc. Increases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Hennion & Walsh Asset Management Inc. grew its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 82.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,212 shares of the financial services provider's stock after buying an additional 5,984 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Fidelity National Financial were worth $860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Unigestion Holding SA purchased a new position in Fidelity National Financial in the 1st quarter worth $1,078,000. Merit Financial Group LLC raised its holdings in Fidelity National Financial by 162.7% during the 1st quarter. Merit Financial Group LLC now owns 13,378 shares of the financial services provider's stock valued at $871,000 after buying an additional 8,286 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Fidelity National Financial during the 1st quarter valued at $63,000. Kaizen Financial Strategies increased its position in shares of Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 188 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Fidelity National Financial by 6.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 9,625 shares of the financial services provider's stock valued at $626,000 after acquiring an additional 542 shares during the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of FNF stock traded down $0.66 during trading hours on Monday, reaching $54.06. 138,159 shares of the company traded hands, compared to its average volume of 1,165,828. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72. The company has a market cap of $14.85 billion, a P/E ratio of 11.66 and a beta of 1.02. The firm has a 50-day moving average price of $59.26 and a 200 day moving average price of $59.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its 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 net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the firm posted $0.91 EPS. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 3.70%. Fidelity National Financial's dividend payout ratio (DPR) is currently 49.50%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FNF shares. Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. 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 research report on Tuesday, April 8th. Stephens lifted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, Barclays increased their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus 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.