Tdam USA Inc. reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 32,561 shares of the financial services provider’s stock after selling 435 shares during the period. Tdam USA Inc.’s holdings in Fidelity National Financial were worth $1,454,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FNF. CWM LLC bought a new stake in Fidelity National Financial during the first quarter worth about $5,109,000. Bank of Montreal Can raised its stake in Fidelity National Financial by 6.0% in the first quarter. Bank of Montreal Can now owns 113,852 shares of the financial services provider’s stock worth $4,433,000 after buying an additional 6,492 shares during the period. Creative Planning raised its stake in Fidelity National Financial by 8.6% in the first quarter. Creative Planning now owns 25,757 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,047 shares during the period. BNP Paribas Arbitrage SA raised its stake in Fidelity National Financial by 4.9% in the first quarter. BNP Paribas Arbitrage SA now owns 53,703 shares of the financial services provider’s stock worth $2,091,000 after buying an additional 2,496 shares during the period. Finally, Bank of America Corp DE raised its stake in Fidelity National Financial by 2.9% in the first quarter. Bank of America Corp DE now owns 1,066,963 shares of the financial services provider’s stock worth $41,548,000 after buying an additional 30,086 shares during the period. Institutional investors and hedge funds own 83.22% of the company’s stock.

Fidelity National Financial, Inc. (FNF) opened at 48.33 on Tuesday. Fidelity National Financial, Inc. has a 12 month low of $31.64 and a 12 month high of $49.37. The company has a 50-day moving average price of $45.27 and a 200 day moving average price of $40.50. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 21.08 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. Fidelity National Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Equities analysts predict that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.07%. Fidelity National Financial’s payout ratio is currently 43.67%.

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FNF has been the subject of a number of analyst reports. Monness Crespi & Hardt upped their price target on Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 10th. Zacks Investment Research lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price target on shares of Fidelity National Financial in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial currently has an average rating of “Buy” and a consensus price target of $46.60.

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the executive vice president now directly owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Anthony Park sold 138,941 shares of Fidelity National Financial stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $41.28, for a total transaction of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares of the company’s stock, valued at $9,423,398.40. The disclosure for this sale can be found here. Insiders sold a total of 411,800 shares of company stock valued at $18,218,120 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

About Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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

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