NorthRock Partners LLC Makes New $314,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

NorthRock Partners LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,589 shares of the financial services provider's stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Fidelity National Financial by 19.9% in the fourth 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 grew its stake in 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 buying an additional 9,146 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Fidelity National Financial during the 4th quarter valued at about $406,000. Donoghue Forlines LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at about $1,469,000. Finally, Empowered Funds LLC boosted its holdings in Fidelity National Financial by 62.2% in the fourth quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after acquiring an additional 26,211 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FNF. 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. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a research note on Tuesday, April 8th. Barclays raised their price objective on 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. Finally, StockNews.com downgraded shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Performance

Shares of FNF traded down $2.27 during trading hours on Wednesday, hitting $54.17. The stock had a trading volume of 1,676,068 shares, compared to its average volume of 1,138,725. The firm has a 50-day moving average price of $61.99 and a 200 day moving average price of $60.25. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 11.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its 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 analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company's revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is 49.50%.

About Fidelity National Financial

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.