Twinbeech Capital LP Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Twinbeech Capital LP acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to the company in its most recent disclosure 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 hedge funds and other institutional investors also recently bought and sold shares of the company. Chesley Taft & Associates LLC lifted its position in shares of Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock valued at $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Fidelity National Financial by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares during the last quarter. Essex Financial Services Inc. increased its stake in Fidelity National Financial by 5.3% during the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 211 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.60.

Fidelity National Financial Stock Up 0.6%

Shares of Fidelity National Financial stock traded up $0.33 during midday trading on Monday, hitting $53.95. The company's stock had a trading volume of 1,231,586 shares, compared to its average volume of 1,148,458. The firm has a market capitalization of $14.82 billion, a P/E ratio of 11.60 and a beta of 1.14. Fidelity National Financial, Inc. has a 1-year low of $47.79 and a 1-year high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $61.35 and a 200-day simple moving average of $60.14.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's payout ratio is currently 49.50%.

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.