TriaGen Wealth Management LLC Buys Shares of 7,749 Fidelity National Financial, Inc. $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 bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,749 shares of the financial services provider's stock, valued at approximately $504,000.

Other hedge funds also recently made changes to their positions in the company. Pallas Capital Advisors LLC boosted its position in shares of Fidelity National Financial by 109.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after acquiring an additional 6,405 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Fidelity National Financial by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after acquiring an additional 1,267 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after acquiring an additional 206 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity National Financial by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock worth $5,540,000 after acquiring an additional 3,510 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Fidelity National Financial by 3.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after acquiring an additional 2,807 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 3.0%

Fidelity National Financial stock traded up $1.7620 during midday trading on Friday, hitting $61.1220. 331,620 shares of the stock were exchanged, compared to its average volume of 1,580,052. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 15.52 and a beta of 1.02. The business's 50-day moving average price is $56.49 and its 200-day moving average price is $58.88. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $71.20.

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.