Legal & General Group Plc increased its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511,563 shares of the financial services provider’s stock after purchasing an additional 18,640 shares during the quarter. Legal & General Group Plc owned 0.55% of Fidelity National Financial worth $60,499,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. BlackRock Inc. grew its stake in Fidelity National Financial by 7.8% during the 4th quarter. BlackRock Inc. now owns 15,216,845 shares of the financial services provider’s stock worth $597,108,000 after purchasing an additional 1,100,840 shares in the last quarter. Renaissance Technologies LLC grew its stake in Fidelity National Financial by 69.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,904,700 shares of the financial services provider’s stock worth $74,740,000 after purchasing an additional 779,800 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Fidelity National Financial by 118.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,297,477 shares of the financial services provider’s stock worth $51,926,000 after purchasing an additional 703,287 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in Fidelity National Financial by 171.8% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,001,137 shares of the financial services provider’s stock worth $40,065,000 after purchasing an additional 632,789 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Fidelity National Financial by 630.9% during the 4th quarter. Two Sigma Investments LP now owns 630,404 shares of the financial services provider’s stock worth $24,737,000 after purchasing an additional 544,149 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.
FNF has been the subject of several analyst reports. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, March 13th. ValuEngine raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Fidelity National Financial has an average rating of “Hold” and an average price target of $43.83.
Shares of Fidelity National Financial opened at $36.97 on Wednesday, according to MarketBeat. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 14.75 and a beta of 0.84. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. Fidelity National Financial Inc has a 1 year low of $31.87 and a 1 year high of $42.52.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.70 billion. Fidelity National Financial had a return on equity of 13.04% and a net margin of 8.66%. During the same period in the previous year, the business earned $0.42 EPS. equities research analysts expect that Fidelity National Financial Inc will post 2.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, June 14th. Fidelity National Financial’s payout ratio is 52.86%.
In other Fidelity National Financial news, Director Janet Kerr sold 1,064 shares of Fidelity National Financial stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $38.12, for a total transaction of $40,559.68. Following the completion of the sale, the director now directly owns 20,672 shares of the company’s stock, valued at approximately $788,016.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Park sold 55,779 shares of Fidelity National Financial stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $36.99, for a total value of $2,063,265.21. The disclosure for this sale can be found here. Insiders have sold a total of 149,272 shares of company stock valued at $5,712,529 over the last ninety days. 6.10% of the stock is owned by company insiders.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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