Virtue Capital Management LLC Boosts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Virtue Capital Management LLC boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,621 shares of the financial services provider’s stock after acquiring an additional 779 shares during the period. Virtue Capital Management LLC’s holdings in Fidelity National Financial were worth $933,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $29,000. Parkside Financial Bank & Trust grew its stake in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $37,000. Kapitalo Investimentos Ltda purchased a new position in Fidelity National Financial during the fourth quarter valued at $44,000. Finally, Colonial Trust Co SC grew its stake in Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective 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 research note on Tuesday, March 4th. Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $53.95 on Monday. The firm has a 50-day moving average price of $61.35 and a 200-day moving average price of $60.14. The firm has a market capitalization of $14.82 billion, a PE ratio of 11.60 and a beta of 1.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12-month low of $47.79 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. Fidelity National Financial’s revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, equities research 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 will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.71%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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.