Fidelity National Financial Inc (NYSE:FNF) Shares Bought by First Quadrant L P CA

First Quadrant L P CA raised its holdings in Fidelity National Financial Inc (NYSE:FNF) by 212.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,523 shares of the financial services provider’s stock after purchasing an additional 75,190 shares during the period. First Quadrant L P CA’s holdings in Fidelity National Financial were worth $4,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FNF. Miller Howard Investments Inc. NY raised its position in shares of Fidelity National Financial by 92.1% in the 1st quarter. Miller Howard Investments Inc. NY now owns 2,112,678 shares of the financial services provider’s stock valued at $77,218,000 after purchasing an additional 1,013,138 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Fidelity National Financial by 15.9% in the 1st quarter. Wells Fargo & Company MN now owns 6,095,081 shares of the financial services provider’s stock valued at $222,776,000 after purchasing an additional 836,632 shares in the last quarter. Strycker View Capital LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at approximately $20,818,000. Victory Capital Management Inc. raised its position in shares of Fidelity National Financial by 8.8% in the 1st quarter. Victory Capital Management Inc. now owns 6,149,597 shares of the financial services provider’s stock valued at $224,768,000 after purchasing an additional 498,583 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Fidelity National Financial by 59.4% in the 1st quarter. Teacher Retirement System of Texas now owns 1,078,111 shares of the financial services provider’s stock valued at $39,405,000 after purchasing an additional 401,577 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors.

Shares of FNF stock traded down $0.35 on Friday, hitting $42.90. 950,557 shares of the stock traded hands, compared to its average volume of 1,434,737. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.17. The company has a market cap of $11.87 billion, a P/E ratio of 15.89 and a beta of 0.85. Fidelity National Financial Inc has a 1-year low of $29.50 and a 1-year high of $43.59. The stock’s fifty day moving average is $41.42.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.08. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.08 billion. Fidelity National Financial had a return on equity of 16.10% and a net margin of 9.84%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. On average, analysts predict that Fidelity National Financial Inc will post 2.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, September 13th. Fidelity National Financial’s dividend payout ratio is currently 45.93%.

A number of brokerages have issued reports on FNF. Compass Point raised Fidelity National Financial from a “neutral” rating to a “buy” rating in a research report on Monday, July 8th. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, June 5th. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. SunTrust Banks upped their price target on Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Susquehanna Bancshares began coverage on Fidelity National Financial in a research report on Wednesday, June 19th. They set a “positive” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and a consensus price target of $45.82.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products 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 trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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

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