Pallas Capital Advisors LLC Has $797,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Pallas Capital Advisors LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 109.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,241 shares of the financial services provider's stock after buying an additional 6,405 shares during the quarter. Pallas Capital Advisors LLC's holdings in Fidelity National Financial were worth $797,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNF. Norges Bank acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $158,386,000. Invesco Ltd. increased its position in shares of Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after purchasing an additional 764,958 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock worth $80,689,000 after purchasing an additional 715,070 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Fidelity National Financial by 135.8% during the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock worth $65,543,000 after purchasing an additional 672,323 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Fidelity National Financial by 8,302.5% during the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after purchasing an additional 619,197 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded down $0.91 during midday trading on Friday, hitting $55.26. 1,249,715 shares of the company's stock were exchanged, compared to its average volume of 1,177,602. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The company's 50 day moving average price is $58.66 and its 200 day moving average price is $59.44. The firm has a market capitalization of $15.18 billion, a PE ratio of 11.88 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. Fidelity National Financial's payout ratio is 49.50%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods raised 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 report on Tuesday, April 8th. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Wall Street Zen lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.