Nissay Asset Management Corp Japan ADV Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)


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Nissay Asset Management Corp Japan ADV decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,192 shares of the financial services provider’s stock after selling 653 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Fidelity National Financial were worth $1,102,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Fidelity National Financial by 1.8% in the third quarter. BlackRock Inc. now owns 27,739,214 shares of the financial services provider’s stock valued at $868,513,000 after acquiring an additional 495,112 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Fidelity National Financial by 2.1% during the third quarter. Principal Financial Group Inc. now owns 17,433,081 shares of the financial services provider’s stock worth $545,829,000 after buying an additional 360,552 shares in the last quarter. Windacre Partnership LLC boosted its holdings in Fidelity National Financial by 14.5% during the third quarter. Windacre Partnership LLC now owns 13,686,900 shares of the financial services provider’s stock worth $428,537,000 after buying an additional 1,729,700 shares in the last quarter. State Street Corp boosted its holdings in Fidelity National Financial by 6.2% during the third quarter. State Street Corp now owns 7,583,908 shares of the financial services provider’s stock worth $237,452,000 after buying an additional 442,092 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 33.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,284,107 shares of the financial services provider’s stock worth $134,136,000 after buying an additional 1,067,686 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of FNF opened at $40.67 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.37. The stock has a market cap of $11.94 billion, a P/E ratio of 11.96 and a beta of 1.32. The company has a 50-day moving average of $39.06 and a two-hundred day moving average of $35.62. Fidelity National Financial, Inc. has a 12-month low of $19.00 and a 12-month high of $43.84.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, March 16th. Fidelity National Financial’s payout ratio is currently 42.48%.

FNF has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 3rd. TheStreet raised shares of Fidelity National Financial from a “c+” rating to a “b” rating in a report on Monday, December 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.00.

In other news, COO Roger S. Jewkes sold 51,365 shares of the business’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $38.34, for a total value of $1,969,334.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Joseph Nolan sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, December 24th. The shares were sold at an average price of $38.50, for a total transaction of $1,540,000.00. Following the completion of the transaction, the president now directly owns 310,478 shares of the company’s stock, valued at approximately $11,953,403. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,365 shares of company stock valued at $4,477,834. 5.80% of the stock is currently owned by company insiders.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through 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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