Twinbeech Capital LP Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Twinbeech Capital LP acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 89,423 shares of the financial services provider's stock, valued at approximately $5,020,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC acquired a new position in Fidelity National Financial in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC acquired a new position in Fidelity National Financial in the 4th quarter worth about $37,000. Kapitalo Investimentos Ltda acquired a new position in Fidelity National Financial in the 4th quarter worth about $44,000. Finally, Colonial Trust Co SC raised its holdings in Fidelity National Financial by 130.1% in the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.33 during mid-day trading on Friday, reaching $53.95. 1,231,586 shares of the stock traded hands, compared to its average volume of 1,146,026. The business has a 50-day moving average of $61.35 and a 200 day moving average of $60.13. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The stock has a market capitalization of $14.82 billion, a PE ratio of 11.60 and a beta of 1.14. 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 (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $0.91 EPS. Fidelity National Financial's revenue was down 17.3% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.71%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on FNF. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays upped their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Finally, Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.