First Trust Advisors LP lifted its holdings in shares of Fidelity National Financial Inc (NYSE:FNF) by 124.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,960,313 shares of the financial services provider’s stock after purchasing an additional 1,638,625 shares during the period. First Trust Advisors LP’s holdings in Fidelity National Financial were worth $131,468,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in FNF. Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity National Financial by 1,534.8% during the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 706 shares in the last quarter. Griffin Asset Management Inc. bought a new position in shares of Fidelity National Financial during the second quarter valued at $36,000. First Financial Corp IN bought a new position in shares of Fidelity National Financial during the third quarter valued at $36,000. Cutler Group LP increased its holdings in shares of Fidelity National Financial by 1,000.0% during the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Fidelity National Financial during the second quarter valued at $50,000. Institutional investors own 83.01% of the company’s stock.
Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $49.00 to $48.00 in a report on Wednesday, October 9th. ValuEngine cut Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Fidelity National Financial currently has an average rating of “Buy” and an average price target of $46.54.
Shares of Fidelity National Financial stock traded up $0.20 during trading on Friday, hitting $47.00. 1,035,646 shares of the company’s stock traded hands, compared to its average volume of 1,208,142. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.99 and a quick ratio of 0.99. Fidelity National Financial Inc has a 1 year low of $29.50 and a 1 year high of $47.14. The stock has a market capitalization of $12.87 billion, a P/E ratio of 17.41 and a beta of 0.83. The business has a 50-day simple moving average of $44.98 and a 200-day simple moving average of $42.29.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.88 by $0.22. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm posted $0.78 earnings per share. Fidelity National Financial’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Financial Inc will post 3.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, December 16th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 2.81%. Fidelity National Financial’s dividend payout ratio (DPR) is 45.93%.
In other Fidelity National Financial news, EVP Peter T. Sadowski sold 64,883 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $43.86, for a total value of $2,845,768.38. Following the transaction, the executive vice president now directly owns 127,795 shares of the company’s stock, valued at $5,605,088.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael L. Gravelle sold 138,845 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $44.14, for a total value of $6,128,618.30. Following the completion of the transaction, the executive vice president now directly owns 312,112 shares in the company, valued at $13,776,623.68. The disclosure for this sale can be found here. Insiders have sold 648,213 shares of company stock worth $28,390,825 over the last ninety days. 6.20% of the stock is currently owned by insiders.
Fidelity National Financial Profile
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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