Tounjian Advisory Partners LLC Makes New $1.06 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Tounjian Advisory Partners LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 16,352 shares of the financial services provider's stock, valued at approximately $1,064,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC bought a new position in Fidelity National Financial in the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its position in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $37,000. Kapitalo Investimentos Ltda bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $44,000. Finally, Colonial Trust Co SC increased its position in shares of Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 450 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

FNF stock traded down $0.91 during trading on Friday, hitting $55.26. The company had a trading volume of 1,249,715 shares, compared to its average volume of 1,175,888. The company has a fifty day moving average price of $58.72 and a two-hundred day moving average price of $59.53. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.18 billion, a P/E ratio of 11.88 and a beta of 1.02. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial's quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is 49.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report 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 objective on the stock in a research report on Tuesday, April 8th. Barclays boosted their price objective on 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. Finally, Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.60.

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.