Trilogy Capital Inc. Purchases New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Trilogy Capital Inc. acquired 6,353 shares of Fidelity National Financial, Inc., valued at approximately $413,000, during the first quarter.
• Fidelity National Financial reported earnings of $0.78 per share, missing the analysts' estimates of $1.13, and experienced a 17.3% year-over-year revenue decline.
• The company announced a $0.50 quarterly dividend, representing an annualized dividend of $2.00 and a yield of 3.50%.

Trilogy Capital Inc. purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,353 shares of the financial services provider's stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Cetera Investment Advisers increased its position in Fidelity National Financial by 26.1% in the 1st quarter. Cetera Investment Advisers now owns 62,872 shares of the financial services provider's stock worth $4,092,000 after purchasing an additional 13,006 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Fidelity National Financial by 1.3% in the first quarter. Avantax Advisory Services Inc. now owns 38,979 shares of the financial services provider's stock worth $2,537,000 after buying an additional 485 shares during the last quarter. Gilbert & Cook Inc. raised its position in Fidelity National Financial by 3.0% during the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 168 shares in the last quarter. Journey Strategic Wealth LLC raised its position in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after acquiring an additional 175 shares in the last quarter. Finally, Machina Capital S.A.S. lifted its stake in Fidelity National Financial by 4.8% in the first quarter. Machina Capital S.A.S. now owns 11,512 shares of the financial services provider's stock valued at $749,000 after acquiring an additional 532 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.07 on Tuesday, reaching $57.09. The stock had a trading volume of 454,823 shares, compared to its average volume of 1,620,638. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The business's 50-day moving average price is $55.07 and its two-hundred day moving average price is $58.79. The stock has a market cap of $15.68 billion, a P/E ratio of 14.12 and a beta of 1.02. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. The firm's revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Ratings Changes

FNF has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded shares of 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 lowered their target price 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.20.

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.