TriaGen Wealth Management LLC Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• TriaGen Wealth Management LLC has purchased a new stake in Fidelity National Financial, Inc., acquiring 7,749 shares valued at approximately $504,000 during Q1.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00 but maintains an "equal weight" rating, with a consensus rating for the stock being "Moderate Buy."
• The company declared a quarterly $0.50 dividend to be paid on September 30th, representing an annualized dividend yield of 3.4% and a payout ratio of 50.76%.

TriaGen Wealth Management LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,749 shares of the financial services provider's stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the first quarter valued at approximately $32,000. Synergy Investment Management LLC acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $36,000. Finally, Olde Wealth Management LLC acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $40,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Two 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 presently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $59.67 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $56.19 and a two-hundred day moving average price of $58.86. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a market capitalization of $16.21 billion, a P/E ratio of 15.14 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. Fidelity National Financial's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. As a group, 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 Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's payout ratio is 50.76%.

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.

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