Orion Capital Management LLC Buys Shares of 1,227 Fidelity National Financial, Inc. (NYSE:FNF)

Orion Capital Management LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,227 shares of the financial services provider’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust grew its stake 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 acquiring an additional 209 shares during the period. Kestra Investment Management LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at about $37,000. Kapitalo Investimentos Ltda acquired a new position in Fidelity National Financial in the fourth quarter valued at about $44,000. Finally, Colonial Trust Co SC grew its stake in Fidelity National Financial by 130.1% in 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 during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FNF shares. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Stephens boosted 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. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $54.17 on Thursday. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 11.65 and a beta of 1.14. The stock’s 50-day moving average is $61.78 and its 200-day moving average is $60.21. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

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). 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 for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue was down 17.3% on a year-over-year basis. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.69%. Fidelity National Financial’s payout ratio 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.