Teacher Retirement System of Texas Increases Position in FNF Group of Fidelity National Financial, Inc. (FNF)

Teacher Retirement System of Texas boosted its stake in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 163.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,885 shares of the financial services provider’s stock after purchasing an additional 43,947 shares during the period. Teacher Retirement System of Texas’ holdings in FNF Group of Fidelity National Financial were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in FNF Group of Fidelity National Financial in the 4th quarter worth approximately $125,000. GSA Capital Partners LLP purchased a new position in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $207,000. Douglas Lane & Associates LLC purchased a new position in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $215,000. WASHINGTON TRUST Co purchased a new position in FNF Group of Fidelity National Financial in the 4th quarter worth approximately $220,000. Finally, Invictus RG purchased a new position in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $223,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

FNF has been the topic of a number of analyst reports. Zacks Investment Research raised FNF Group of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Barclays lifted their price target on FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. ValuEngine raised FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Sunday, October 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.14.

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) opened at $38.38 on Wednesday. The firm has a market capitalization of $10,674.86, a P/E ratio of 15.76 and a beta of 0.89. FNF Group of Fidelity National Financial, Inc. has a 1 year low of $26.74 and a 1 year high of $41.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.01 and a quick ratio of 0.85.

FNF Group of Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. FNF Group of Fidelity National Financial had a return on equity of 11.72% and a net margin of 8.13%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. equities research analysts anticipate that FNF Group of Fidelity National Financial, Inc. will post 2.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.27 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.81%. FNF Group of Fidelity National Financial’s dividend payout ratio is currently 55.46%.

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About FNF Group of Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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Institutional Ownership by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

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