New York State Teachers Retirement System Decreases Holdings in Fidelity National Financial, Inc. $FNF

New York State Teachers Retirement System decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 18.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,748 shares of the financial services provider’s stock after selling 25,016 shares during the period. New York State Teachers Retirement System’s holdings in Fidelity National Financial were worth $6,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FNF. Vanguard Group Inc. lifted its stake in Fidelity National Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after purchasing an additional 580,133 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock worth $517,730,000 after buying an additional 234,288 shares during the period. Geode Capital Management LLC lifted its stake in shares of Fidelity National Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after acquiring an additional 37,473 shares during the last quarter. Norges Bank purchased a new stake in Fidelity National Financial during the 2nd quarter valued at about $189,685,000. Finally, First Trust Advisors LP grew its position in Fidelity National Financial by 252.4% during the 2nd quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after acquiring an additional 2,420,421 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director directly owned 13,186 shares of the company’s stock, valued at $737,097.40. This represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Up 1.6%

Shares of FNF opened at $52.76 on Friday. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $56.61 and its 200-day moving average price is $57.26. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 12.72 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.57 billion. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Fidelity National Financial’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a dividend of $0.52 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. National Bankshares set a $63.00 price objective on Fidelity National Financial in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Stephens began coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Barclays cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.